Nifty hovering about our laxman rekha and as expected the charts proved to be correct and nifty has again respected the support line and close above 200 Ema which is at 4898 as on today also nifty able to close just above 5 ema of 4916 now above 4880 nifty shall remain bullish for the tgt of 4953 – 4998 – 5071 with stoploss of 4852 and below 4852 nifty shall remain weak so this bounce could help to reduce long position and unless close is above our laxman rekha one should buy near support but still I would insist to make positional long above 5050 which could be storng resistance so play with the levels also as said that nifty could trade in a range of 4800 – 4950 levels till expiry since last 4 post still I have not made any position as there is weekly and monthly close which is very important so let charts give the direction ( I am playing intraday only as of now ) positional only above 5050
Also there is clear war between bulls and bears to hold above or below 200 Ema my tgt for this bounce is 5014 levels
sir as on today i have no position in nifty on intra basis can u pls guide where to buy and where to sell also pls tell that lvls which u give here r fut or spot thanx and regards
ReplyDeleteMadhu
ReplyDeletemy levels are always spot and as said nifty above 4885 shall remain bullish and always buy on the pullback if opens above the levels and sell on 1st or 2 nd tgt but stoploss very necessary due to high volatality