Ray of Hope again - Dil hai ke manata nahi..... May be a support near 5450-5470

Hi all,

Nifty entered the support area of 5440-5520 levels and has given a +ve divergence on hourly charts....

With stop loss below the supports one can be long on Nifty @ CMP or may be after a bit of decline with Targets higher near 5600-5660-5700....

Moreover if Nifty closes like this today, it might also end up giving a +ve divergence on daily chart which will be a confirmation for some aggressive targets.

Cheers

Going Going Gone!!!!!

Hi All,

We booked small profits today morning but now its time to exit Nifty completely, 5520-5500 broken, 5450 is next level to watch out for Nifty going forward.... Below which Nifty looks very unattractive.....

The next plan of action will be posted accordingly...

Cheers

Hrishi

Nifty another half Century!!!

Hi All,

As expected Nifty bounced back from support areas of 5500-5520-5540....... As suggested the first target is almost achieved near 5600, so conservative traders can book part profits and trail your SL at cost...

Still 5520-5500 area can be considered as good support and buy on decline strategy with SL below it can be adopted...

Cheers

Hrishi