Nifty closed today above the psychological mark of 5000 which is positive.We were supported by highs made on 23/08 and 24/08 on nifty at 4965 level. Nifty's dip below this level up to 4872 if it comes can be used to buy with stop loss of 4833 by positional traders.Above 5060 nifty is positive with targets of 5178.
Levels to watch on Spot Nifty :
No trading zone between 5035 to 4999 to avoid whipsaws.
Buy above 5035 with SL of 5020 for targets of 5052 - 5070 - 5088- 5113
Sell below 4999 with SL of 5014 for targets of 4982 - 4964 - 4946 - 4922
Happy Trading !
Levels to watch on Spot Nifty :
No trading zone between 5035 to 4999 to avoid whipsaws.
Buy above 5035 with SL of 5020 for targets of 5052 - 5070 - 5088- 5113
Sell below 4999 with SL of 5014 for targets of 4982 - 4964 - 4946 - 4922
Happy Trading !
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