Flashback
Nifty traded in a narrow range of 4506-4439. Readers who went long at 4445 would have taken home in their kitty all but 12 points of that range as nifty moved from buy level to 4499.
Bull Level
In the scenario of nifty future crossing 4530 buy at retracement to 4505 with stoploss at 4480 for targets 4560, 4590, 4630
Bear Level
In the scenario of nifty future breaking 4409 short at retracement to 4425 with stoploss at 4455 for targets 4380, 4340, 4300.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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