Important levels for 06/09/2022.
Bank Nifty managed to break out of the range and close above it, but Nifty is still stuck.
For tomorrow, longs can be taken above 17735, with a 20-25 point SL for initial targets of the previous seller reference of 17796-17843.
On the sell side, will short only below 17650 for targets of 17580,17543 and 17496. Sl for this trade will be 15-20 points only.
17650-17735 shall be treated as a strictly NO TRADE ZONE.
Bank Nifty managed to break out of the range and close above it, but Nifty is still stuck.
For tomorrow, longs can be taken above 17735, with a 20-25 point SL for initial targets of the previous seller reference of 17796-17843.
On the sell side, will short only below 17650 for targets of 17580,17543 and 17496. Sl for this trade will be 15-20 points only.
17650-17735 shall be treated as a strictly NO TRADE ZONE.
Trade active:
17650 short trade executed
Trade closed manually:
TSL hit @ cost, missed initial target by 20 points