Nifty spot opened at 10274.60 , it made a high of 10279.85 , it made a low of 10111.30, before closing at 10128.40
Had mentioned that long positions for the day can be taken above 10280 and short positions can be taken below 10210 . Nifty momentarily triggered our short trade and completed all targets giving around 100 points .
Had mentioned in the previous post " Now in the coming week Nifty needs to break and sustain / close above 10210 for a test of 10310 - 10335 initially and above it till 10425 - 10520 .Similarly Nifty needs to break and sustain / close below 10015 to test 9915 - 9890 initially and below it till 9805 - 9710 next. " , and Nifty so far made a high of 10279.85 and reversed . Nifty can face stiff resistance near 10310 - 10315 levels as per our monthly levels.
Now for the month of April ,Nifty longs will get confirmed with a consecutive close above 10315 for a initial target of 10520 - 10575 and sustaining / closing above it we can see a further test of 10750 - 10950 . Similarly , shorts will get confirmed with a consecutive close below 9915 for a initial target of 9705 - 9655 and sustaining / closing below it we can see a further move till 9475 - 9275 .
Now in the coming session Nifty needs to break and sustain above 10165 to test 10200 - 10210 initially and sustaining above it we can see a further upmove till 10240 - 10275. Similarly breaking and sustaining below 10095 we can see a test of 10060 - 10050 initially and breaking and sustaining below it we can see a further correction till 10015 - 9985.
Nifty Spot Levels for the day are
Long above 10165 for 10185 - 10210 - 10275 , SL 10115
Short below 10095 for 10075 - 10050 - 9985 , SL 10140
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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.