Nifty spot opened at 10107.40 and made a high of 10126.50 , it made a low of 10070.35, before closing at 10086.60
Had mentioned that long positions for the day can be taken above 10100 and short positions can be taken below 10060 . Nifty triggered our long trade and completed 2 targets . Nifty had this week triggered our weekly long trade too and completed nearly 5 targets giving 150+ points from the weekly long trade .
Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10060 to test 10040 - 10035 initially and sustaining below it we can see a test of 10020 - 10005 . Breaking and sustaining above 10100 we can see a bounce till 10115 - 10130 initially and breaking and sustaining above it we can see a test of 10140 - 10155 . " , and we saw Nifty initially sustain above 10100 and make a high of 10126.50 within our initial resistance zone and today also did not break the all time high. Now in the coming session Nifty needs to break and sustain below 10070 to test 10050 - 10045 initially and sustaining below it we can see a test of 10030 - 10015 . Breaking and sustaining above 10105 we can see a bounce till 10125 - 10130 initially and breaking and sustaining above it we can see a test of 10145 - 10160
Nifty Spot Levels for the day are
Long above 10105 for 10115 - 10130 - 10160 , SL 10080
Short below 10070 for 10060 - 10045 - 10015 , SL 10095
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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.