Nifty 50 IndexUpdated Nifty - Expiry Ending 09th Feb
Chart is self explanatory. Nifty is in a downtrend channel. It crossed the resistance yesterday and closed above it. The best trade for me would be to buy near resistance if nifty opens gap up and retest, or short below resistance if nifty opens gap down and retest. I would only take the trade if I find Nifty near the level else will avoid this week. Thank you!
Trade closed: stop reached
SL hits on both sides and I did not take any other trade. Will post next week trade by Sunday. Thank you!
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