Nifty Talks 08 Aug

Strategy : Patallel Channels

Support : 19550 19590

Resistance : 19640 19690

Enter Short at high of channel lines
Enter Long at Lower line of channels

On breakout of channel lines, follow the trend

Disclaimer: For Educational purposes. Not recommendations

Trade active:

Short at 630 active, with support of 19570

Sustaining below 19570 ..to target areas for 19530 19460

Resistance and SL still 19640

Trade active:

Target of 19530 reached.

Remaining to trail

Trade active:

19530 has given a strong support.

Remaining still on trail...with close watch on 19530
Below 19530 could test 19490-510 and to targets of 19440

Upside limited but, to exit if 19600-610 breaches.

Trade active:

consolidation phase , still waiting with short hold

Trade closed manually:

Closed the intradays at end of day