TradingStrategy- Look out for Nifty to go into the zone 8770-8780 prior support to act as resistance but one should keenly watch that area & see for possible reversals. Another opportunity is going below 8704 -which was for yesterday shall push Nifty down- Likely looking for the zone 8640-8650
Never be in a hurry for Markets or Train -accidents are bound to happen- Let market give us a signal so going below 8820 will be the clue that Nifty is looking for a downside.
At submicro degree -there is a sideways move happening -Likely market is going to push higher again -may be 15 -20 odd points in the zone 8850-8860 that will finish upside -you can start trailing your stops once it starts moving above 8850 & later if starts moving below 8834 -Nifty should look down but always maintain a stop of recent high from a risk management point of view.
It has started a fall below 8835 support -could be pressure move & carry down to even fill the gap possibly till 8765-8775 with important resistance at 8850
Bang On Target
Nifty Kissed our Target Zone & the Gaps are filled -Low 8767
8750 - is a current session low -My invalidation level is 8725 for this session- I will likely watch for reversal trade from this zone of 8750-8760 but with strict invalidation level at 8725
Current Price- 8771
Going Above 8780 or in the zone 8755-8762 shall be the zones for going long with strict stop below 8750
We will go long only above 8780 -Kindly do not take any long between 8755-8762 as mentioned above
Nifty Goes Below 8775 - we will exit
Current Rate - 8771
Maximum Risk taken should be 8760 for current long positions initiated above 8780 -else
Bye & Have a Nice Week End
Current Price - 8777
Carry all positions on your own risk -market gaps up & down is not in someone's hand