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Nifty view

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Nifty
CMP 10253

Look to sell for target 10160 / 10120
Idea being previous support may act as resistance now...

Stop loss if goes 10280

Take care & safe trading...!!!

交易手动结束

Nifty made a low of 10201.50

CMP 10206

Nifty is again at 50 day EMA

We look to book profits again and will see how it does on a closing basis

Remember this is an important zone and bulls and bears will try to defend themselves... hence it could tend to confuse a lot of people.

But once clarity emerges who the winner is we could be looking for the next big directional movement of 400-500 points...

Take care & safe trading...!!!

交易手动结束

In morning trade Nifty respected 50 day EMA. However Once 50 day EMA (around 10209) got taken out decisively, Nifty falls and falls and falls...