Nifty broke 2810 spot, and went on to hit our 1st tgt.
now trailing SL is 2790 on closing basis, so book shorts only if we close above 2790.
also keep any eye on DOw (US markets), any closing below 8500 levels will be very weak, and it may fall for another 2 sessions.
for intraday, major resistence exists only around 2790 levels, also some weakness will be seen below 2755.
nifty may go on to hit 2686 (IMP SUPPORT) and give a small bounce from there.
One thing that surprised me today is that even after breaking 2810 spot, nifty didnt have a free fall, and was reluctant to fall, so make sure u keep a trailing SL at 2790 levels for shorts.
still no buying advised, and any buying should be restricted to intraday only.
(EOD chart attached, All Future Levels)
now trailing SL is 2790 on closing basis, so book shorts only if we close above 2790.
also keep any eye on DOw (US markets), any closing below 8500 levels will be very weak, and it may fall for another 2 sessions.
for intraday, major resistence exists only around 2790 levels, also some weakness will be seen below 2755.
nifty may go on to hit 2686 (IMP SUPPORT) and give a small bounce from there.
One thing that surprised me today is that even after breaking 2810 spot, nifty didnt have a free fall, and was reluctant to fall, so make sure u keep a trailing SL at 2790 levels for shorts.
still no buying advised, and any buying should be restricted to intraday only.
(EOD chart attached, All Future Levels)
