Nifty : Trading Range
Updated
Nifty is still trading in 11595-12100 range. It has taken support at 50 DEMA and the bounced. 5 DEMA has crossed 10 & 20 DEMA to the lower. 11720 is resistance on hourly chart. Parallel channel support is at 11595 (also gap support).
Strategy 1 : Buy above 11722 sl 11690 TGT 11770 (hourly RSI and CCI supporting minor upmove)
Strategy 2 : Sell at 11770 SL 11830 TGT 11700-11660-11620-11595
Strategy 3 : Sell below 11670 SL 11700 TGT 11620
Strategy 1 : Buy above 11722 sl 11690 TGT 11770 (hourly RSI and CCI supporting minor upmove)
Strategy 2 : Sell at 11770 SL 11830 TGT 11700-11660-11620-11595
Strategy 3 : Sell below 11670 SL 11700 TGT 11620
Trade active
SL hit of 1st strategyTrade closed manually
SL hit for 2nd strategy. Market broke 11670 and made low of 11640 and recovered same day to 11705Trade active
3rd strategy has got activated today at 11770.Trade active
after posting high of 11802, nifty made new low of 11692. we are still in the trade with trailing stop loss of 11770Trade closed: target reached
Cmp 11639. Book full profit for short initiated at 11770
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