We had a double whammy effect on Nifty today as this is a trend deciding week for the September series.Nifty moved into the positive quadrant whose boundary was 4800 level.The level to watch on spot nifty is 4888.
Bulls have won the first round of the battle between the bulls and bears on the first day of the trend deciding week.Bears will be reluctant to loose their hold so it may be wise to be alert.Reasons for the Nifty surge could be today is New Moon and Mercury went direct after being retrograde on 26 th Friday causing a change in trend.
Levels to watch on Spot Nifty :
No trading zone between 4907 to 4937 to avoid whipsaws.
Buy above 4937 with SL of 4917 for targets of 4954-4971-4988-5006
Sell below 4907 with SL of 4927 for targets of 4890-4873-4856-4839
Happy Trading !
Bulls have won the first round of the battle between the bulls and bears on the first day of the trend deciding week.Bears will be reluctant to loose their hold so it may be wise to be alert.Reasons for the Nifty surge could be today is New Moon and Mercury went direct after being retrograde on 26 th Friday causing a change in trend.
Levels to watch on Spot Nifty :
No trading zone between 4907 to 4937 to avoid whipsaws.
Buy above 4937 with SL of 4917 for targets of 4954-4971-4988-5006
Sell below 4907 with SL of 4927 for targets of 4890-4873-4856-4839
Happy Trading !
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