Nifty spot opened at 9865.95 which was also the high , it made a low of 9783.65, before closing at 9837.40
Had mentioned that long positions for the day can be taken above 9935 and short positions can be taken below 9875 . Nifty triggered our short trade and completed all targets for the day giving 90 points .
Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9875 to test 9845 - 9835 initially and sustaining below it we can see a test of 9810 - 9785. Breaking and sustaining above 9935 we can see a bounce till 9965 - 9970 initially and breaking and sustaining above it we can see a test of 9995 - 10025 " , and we saw Nifty make a low of 9783.65 on sustaining below 9875 for the day . Now in the coming session Nifty needs to break and sustain below 9810 to test 9780 - 9770 initially and sustaining below it we can see a test of 9750 - 9720 . Breaking and sustaining above 9865 we see a bounce till 9895 - 9905 initially and breaking and sustaining above it we can see a test of 9925 - 9955 .
Nifty Spot Levels for the day are
Long above 9865 for 9885 - 9905 - 9955 , SL 9830
Short below 9810 for 9790 - 9770 - 9720 , SL 9845
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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.