Hi All,
As expected, Nifty took resistance near
7550 levels and dropped sharply, however it is trading near the support zone of
7430-7450....
Risky Traders can Go Long in Nifty near 7470-7475 with SL below the
supports (Risk of < Rs.2000 for 1 lot of futures) with targets near 7500-7530-7550....
Long trade initiated near 7470-75 levels,
is nearing first target near 7500..... Conservative traders can book partial
profits and trail SL at cost.....
Update 12.55 -
Update - 13.18-
Conservative traders can book full profits
in Nifty near 7515-7520, rest can trail stop loss at cost...
Hope you made money today and recovered the loss of yesterday.
It’s advisable to book profits in Nifty @
7515, as the Advance Decline Ratio is not in favour of bulls, so play safe and
Enjoy the profits for the day....
Nifty future trading at par with spot after
a discount in the morning, so we might be booking out early but better to have
a small profit ...rather than incurring a loss
Cheers
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