I love to trade breakouts because of the amazing risk reward ratio they provide.
Even if we are wrong half of the time, we will still end up in profit.
So, here, Nifty has given a breakout above the 8462 line.
So strategy, would be long Nifty ( CMP : 8476 ) .
SL - 8462 ( 14 point risk as of now )
Target - 8616 ( 140 points reward as of now )...
Spot nifty trade at 8681.4 (-28.20) (-0.32%) at the time of writing, according to me strong weak below 8683, we expect it is likely to take support at 8600, if price move below 8600 then might be take support at 8540.
* It's my view only trade at your own risk.
Kotak Bank Major trend is bullish minor trend is now bearish. So, i am expecting for downtrend.We took entry at 789.45 for the target of 781.05, 760.15 but there is strongest reversal point between our second target at 767.85.
M/m tops and bottom dates around 21st - 22nd - 23rd - 26th Sep, 2016
* Its just my view only trade at your...
Spot Nifty trade at 8845.35 (+102.45) (+1.16) at the time of writing,according to me there is strong barrier between 8857 to 8892, and might be price pullback from this level.So, make your plan accordingly.
Resistance for short term at 8931.40 and Support at 8674.
Spot Nifty Major trend is remain bullish and minor trend is now bullish,i think price may be touch resistance
at 8782, 8843 and support stand around at 8684.
M/m Tops and Bottoms dates for this month around - 16th - 22nd - 29th September 2016.