Higher the risk, higher the reward ! ! ! Go Long in Nifty

Hi All,

Risk takers can go Long in Nifty for intraday @9080-85 with stop loss below 9050 and targets of 9130-50

Looks like a hidden divergence on hourly charts.

Advisable to close the trade intraday as a gap opening can be expected due to Fed meeting outcome tonight.

Cheers

Hrishi

Nifty Life high, but failed to sustain the momentum...

Hi all,

Though nifty reached an all time high near 9122, it gave away more than half a percent gains and finally closed near 9087, thus forming a Doji (indecisive) candle on daily charts.

Hence, going forward, 9050-8980 will be crucial levels to watch out for any further surge in the indices. A close below 9050 means a short term bear trend on account of close below 9050 (low of today's Doji candle).