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 strategy
Trade closed manually:
SL hit for 2nd strategy. Market broke 11670 and made low of 11640 and recovered same day to 11705
Trade 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 11770
Trade closed: target reached:
Cmp 11639. Book full profit for short initiated at 11770