Hi All,
Nifty trading in a crucial Support area of 5500-5540....
A Low risk Long trade (without any evidence however) can be taken with a strict SL below 5520-5500 with a nice risk reward as conservative targets can be of 5600-5650, however ambitious targets can be 5750-5800-5900 and may be till 5970 as well....
the trade is based on a combination of Daily and weekly charts as Nifty is trading at a kind of fresh, strong support of the mentioned area....
the risk here is surely much much lesser as compared to the profits we book in past few days, decide the no. of lots accordingly....
Nifty 5500 / 5600 CE CMP 120 and 66 respectively can be looked out for....
Cheers
Hrishi
Nifty trading in a crucial Support area of 5500-5540....
A Low risk Long trade (without any evidence however) can be taken with a strict SL below 5520-5500 with a nice risk reward as conservative targets can be of 5600-5650, however ambitious targets can be 5750-5800-5900 and may be till 5970 as well....
the trade is based on a combination of Daily and weekly charts as Nifty is trading at a kind of fresh, strong support of the mentioned area....
the risk here is surely much much lesser as compared to the profits we book in past few days, decide the no. of lots accordingly....
Nifty 5500 / 5600 CE CMP 120 and 66 respectively can be looked out for....
Cheers
Hrishi
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