Hi Guys,
It’s been very long and I must admit I was not able to keep track on market but
let’s get started…
Below is the latest chart of NIFTY and it can be seen that
short term resistance formed near 11237. On 23 Jul high made was 11239. From 22
Jul to 27 Jul NIFTY was in range of 11056 & 11239. Now, near 11025 &
11237 both are being GANN numbers & NIFTY being within that range indicates
big move is about to happen.
23 Jul was a natural date and high & low of that day was
not breached till now on closing basis. Break of either side can be a good
opportunity.
If nifty stays within the range mentioned above,
Buy above 11025 for target of 11078, 11131 & 11237
Sell Below 11237 for 1111, 11078 & 11025
If NIFTY goes below 11025 or above 11237 & sustain for 5
min,
Sell below 11025 for target of 10973, 10921 & 10869
Buy above 11237 for Target 11290, 11343
SL shall be as per your risk management.
Trade with Discipline & Strict SL
nidhistocktrades.com 