Hi,
Our doubts are traitors, and make us lose the good we oft might win, by fearing to attempt. –William Shakespeare
On Friday, we had given a trade for lion heart traders:” Buy NF in two parts. First buy around 4830 and second at 4810 with strict stop loss of 4790 (Both NF & NS). Risk of 30 points (average) only”.
NF made low of 4818.6 and reversed to make high of 4935. Around 4910 we have advised to book some profit rest we are holding with strict stop loss of 4790. We have secured our stop loss by doing part profit booking.
Today’s trading levels for Nifty Future:
Resistance: 4935-4944-4997
Support: 4863-4816-4801
For today, 4863 is a level to watch. Break below 4863 with volumes will take NF to again 4816-4801. Break below 4801 with volumes then?????
On upper side 4935-4944 are the levels which will provide resistance. Above 4944 NF will spurt up to 4997.
Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market.
More details to our subscribers.
Regards,
ANALYSENIFTY TEAM
No comments:
Post a Comment