Nifty traded in a narrow range of 70 points. Readers who followed the blog would have made 65 out of that 70 points as nifty hit entry of long and zoomed to first target.
Readers who took long position on retracement in adlabs can hold onto the same with stoploss and targets remaining the same.
For tuesday trading
Bull Level
Buy nifty future crossing 4275 on retracment to 4260 with stoploss at 4240 for targets 4295, 4325, 4370.
Bear Level
If stoploss of long position as mentioned above is hit short on retracement to 4255 with 4275 as stoploss for targets 4205, 4180, 4165.
Positional Buy : Reliance Infra (Jewel of ADAG)
Relinfra has made a classical bullish pattern on charts.
For tuesday trading
Buy RELINFRA at retracement to 1118 with stoploss at 1088 for targets 1165, 1195, 1240.
