Nifty futures had a quiet day for the start of the week and was nearly at the same level at the end of the day. For intraday players it was a day of stop losses being hit on a regular interval. The range from 5850 to 5950 is the zone of consolidation and could be used by intraday players for quick trades. Anything above this and below this range couls be used by positional players to make some money. The levels are the same given in earlier posts for both intraday and positional players. So there is nothing to write home about in sideways moves which can be sometimes frustrating for both analysts and traders alike.
No trade between 5890 and 5928(To avoid whipsaws)
Buy above 5928 sl of 5908
targets 5947-5966(add positions, breakout on the upside),
5985-6004-6023-6042-6061.
Sell below 5890 sl of 5910
targets 5871-5852(add positions,breakout on the downside)
5833-5814-5795-5776-5757.
Happy Trading !!!
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.