Nifty spot opened at 10223.40 and made a high of 10248 , it made a low of 10175.55, before closing at 10186.60 .
Had mentioned that long positions for the day can be taken above 10250 and short positions can be taken below 10200. Nifty triggered our short trade and missed our 2nd target for the day by 5 points . Nifty had also triggered our weekly short trade and today completed 4 short targets for the week . Had mentioned in the previous post " We can see a move till 10120 - 10100 once Nifty breaks and sustains below 10210 - 10195 zone in the coming sessions ." , and today we saw a low of 10175.55 and have also closed below 10210 - 10195 zone .
Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10200 to test 10180 - 10170 initially and sustaining below it we can see a further correction till 10150 - 10130 . Similarly breaking and sustaining above 10250 we can see a test of 10270 - 10280 initially and breaking / sustaining above it we can see a further move till 10300 - 10320 " , and today Nifty made a low of 10175.55 within our initial support zone .
Now in the coming session Nifty needs to break and sustain below 10170 to test 10155 - 10150 initially and sustaining below it we can see a further correction till 10135 - 10115. Similarly breaking and sustaining above 10205 we can see a test of 10220 - 10225 initially and breaking / sustaining above it we can a further move till 10240 - 10255.
Nifty Spot Levels for the day are
Long above 10205 for 10215 - 10225 - 10255 , SL 10180
Short below 10170 for 10160 - 10150 - 10115 , SL 10195
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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.