The last view of Nifty has given perfect trades in the range of 10600-10300 levels. Now, Nifty is consolidating in this range. For positional trades, I would suggest that one should wait for the breakout on either side.
Below 10300-275 levels, Price can test 10000-9800-9600 levels. Being 10000 will act as a strong trendline confluence area and psychological support too.
Buy only above 10600 level’s for the possible upside target of 10900 levels.
Immediate resistance levels at 10500-10600 levels.
Intraday traders can take trades in this range of 10300-10600 levels.
Daily Chart of nifty is attached for your reference.
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