Hi all,
SGX Nifty is down by around 73 points.... One can expect Nifty to open near 5940-50 levels....
As posted earlier one can take a low risk high reward long trade in Nifty with a strict SL below supports of 5925-5900....
But the trade has to be a strict SL as below 5925 the supertrend would also turn negative and Nifty can target 5860-5835-5790-5740....
Risky traders can go short below 5925-5900...
Cheers
Hrishi
SGX Nifty is down by around 73 points.... One can expect Nifty to open near 5940-50 levels....
As posted earlier one can take a low risk high reward long trade in Nifty with a strict SL below supports of 5925-5900....
But the trade has to be a strict SL as below 5925 the supertrend would also turn negative and Nifty can target 5860-5835-5790-5740....
Risky traders can go short below 5925-5900...
Cheers
Hrishi
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