In our previous post we had given support levels of 8744 and 8688. Do notice, Nifty opened at 8688 close to 8680 level and managed to close the day at 8748 just a tad above 8744 support levels. In between we saw a roller coaster kind of a ride… From 140 points down in early trade to a rally of 478 points from the lows and then again a 430 point drop from the...
Accumulate at low level. It will take one or two time for range trade or down side trade.
Buy zone 26800 to 27200
Stop loss 26500
Tgt 28100-29800-30300
current rate 27801.
Disclaimer: Buy Sell is your choice. No Recommendation.
Cheers!
Vikas Gupta
Daily chart making Lower Highs, expecting more downward momentum for September series.
Trade Plan :-
- Only consider shorting/buying put options if close below 1400.
- If above condition satisfied, Buy 1350 put option for September expiry (CMP 45). Target - 57 / 66 / 70.
- Keep SL if daily close of spot above 1450.
- View negated if price closed above 1450...
