Nifty spot opened at 9958.65 and made a high of 9963.60 , it made a low of 9913.30, before closing at 9934.80
Had mentioned that long positions for the day can be taken above 9955 and short positions can be taken below 9905 . Nifty triggered our long trade but did not complete any target .
Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9905 to test 9880 - 9875 initially and sustaining below it we can see a test of 9850 - 9830 . Breaking and sustaining above 9955 we can see a bounce till 9980 - 9985 initially and breaking and sustaining above it we can see a test of 10010 - 10030 " , and we saw Nifty break above 9955 but could not sustain above it . Now in the coming session Nifty needs to break and sustain below 9910 to test 9890 - 9880 initially and sustaining below it we can see a test of 9860 - 9835 . Breaking and sustaining above 9960 we can see a bounce till 9980 - 9990 initially and breaking and sustaining above it we can see a test of 10010 - 10035 . Nifty has been trading in a narrow range for the past few sessions and we can expect a break of this range this week . Those who enter positions should watch weekly levels too for follow up .
Nifty Spot Levels for the day are
Long above 9960 for 9975 - 9990 - 10035 , SL 9925
Short below 9910 for 9895 - 9880 - 9835 , SL 9945
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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.