Low Risk (0.5%)...High Reward (upto 7%)....TCS...Intraday SetupIntraday Trade Setup (04-May-2020):
Case-1: If it break 1980 level, go for SHORT
Enter: 1980
SL: 1990 (0.5%)
Target-1: 1940 (2%), Target-2: 1910 (3.5%), Target-3: 1850 (7%)
Case-2: If price sustained above 1990, go for LONG
Enter: 1990
SL: 1980 (0.5%)
Target-1: 2050 (psychological, 1.5%), Target-2: 2070 (4%)
Nifty-intraday
Short-Term view for NIFTY spot. Minor trend-line R 9491 - 9509
The over-consumption has been upper bound of value area, therefore chance to over-consumption at lower bound.
There is no overparticular resistance 9500+.
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339p GAP
This is " Common Gap " price is not going to break support line.
Previous minor resistance at 9405. Nifty is going to open nearby this resistance ( 100+ nearby ).
Support line price area support at 9241.
Trade Log NIFTY April 28NSE:NIFTY is making overlapping moves. Idea is to stay patient and wait for breakout.
From current price action, NIFTY is all set to break out of 9400 tomorrow. I have sold calls, which will be in loss. But considering the market is consolidating, I am willing to take the risk of keeping those calls.






















