Dear All,
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.
Cheers
Sid
Disclaimer
I’m not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don’t trade with the money you can’t afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.
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