Todays fall on the nifty must have shaken bulls in the markets.For the reasons of fall can be many and can be analysed again and again with N no of justifications.But the key to sustain in such markets is to use of principle of money management and take your losses as quickly as possible.Instead of watching and bleeding your pockets by just staring at the screen and doing nothing with a false hope that it will recover soon.It may recover but will it recover all the losses made is the question to be asked.Always work on levels as "Price is God".
Levels to watch for intraday on Spot Nifty :No trading zone between 4906 to 4941 to avoid whipsaws.
Buy above 4941 with SL of 4926 for targets of 4959 - 4976 - 4994- 5012
Sell below 4906 with SL of 4921 for targets of 4889 - 4871 - 4854- 4836
Happy Trading !
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