Nifty has paused the fall intensity looks to consolidate in the range of 5080 to 5120 for the spot. It made a low at 5076 and closed above the 5100 level at 5109.60. Spot nifty has been closing near the 5100 level for last three sessions which shows the fall intensity was held up by this level. If this level is held for expiry tomorrow then we may see some recovery up to 5150-5180 levels. On charts we can see nifty nearing the Ichimoku clouds supports and Stochastics moving below the 20 levels. One should keep eye on both for a trend reversal if it comes. Intraday traders can look at the spot nifty levels given below to trade on Thursday.
Buy above 5128 sl of 5108
targets 5146-5164(add positions breakout on the upside)
5182-5200 -5218-5236-5254.
Sell below 5092 sl of 5112
targets 5074-5056(add positions breakout on the downside)
5038-5020-5002-4984-4966.
Happy Trading !!!
STOP LOSS FOR BUYING IS TOO NEAR IS IT PRINT MISTAKE
ReplyDeleteHi Doc,
ReplyDeleteThanks corrected it..
Regards
K B Raut