Wednesday, May 4, 2016

Let's respect 7.7k

Hi All,

As expected, Nifty fell down and is currently trading near 7720-25 levels.

Let us take a chance...


Risky traders Buy Nifty near 7725-30 with a Stop Loss below 7700 and targets near 7780-7800, all levels are Spot Levels....

Update - 3.10 PM

In an immense battle between Bulls and bears today, Nifty traded in a tight range of less than 50 points.

In spite being trading negative for almost all part of the day, markets did not break 7700 levels, which actually is an encouraging sign for bulls, however to be on the safer side, it is better to exit the position in a small loss rather than carrying it overnight.

Exit Nifty Long initiated @ 7725-30 @ CMP 7715-20

Let us take a fresh look at Nifty after the markets open tomorrow.


Cheers

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