Strategy: Close the "Shorts" around there and initiate longs with SL., to be confirmed later by a "ORB" break on the upside and furthermore a move towards Daily Pivot @ 4751.
An alternative scenario could be a open flat and move higher to 4737 and fall towards 4668-4648-4638..and then a possible reversal.
If 4638 does not hold, then next reliable support would be 4585-4590.
A critical reversal day..Trend is down but maturing for the short term.
Positive div in hour but to be confirmed by price reversal.
3 comments:
hi sir gm,
plz update bank nifty and sbi tecnicals
plz give me the range
thx 4 ur valuable suggestions
Hi Sir,
Can i buy nifty for intraday? what will be SL?
Hi..Dinesh,
Buy here with day's low as SL.
Hi..alpesh,
I will not be able to do it during market hours. I would try to give my views in the evening. I prefer to stay focused on only "NIFTY".
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