Nifty Spot
Once again we are entering into an interesting time band. This week is important in terms of astro terms. 29th-31st April is very important as these are pressure dates. We may see very volatile sessions during this week. Initiating longs in Nifty has to trailed with very tight stop-losses. Infact longs are not recommended at higher levels.
A short can be initiated @ 5946 with stop-loss @ 5980 (closing basis). Targets are5847, 5793, 5736, 5689, 5585, 5520
A long can be taken if Nifty is able to close above 5950 with very tight stop-loss @ 5940. Targets are 6040, 6080.
Once again we are entering into an interesting time band. This week is important in terms of astro terms. 29th-31st April is very important as these are pressure dates. We may see very volatile sessions during this week. Initiating longs in Nifty has to trailed with very tight stop-losses. Infact longs are not recommended at higher levels.
A short can be initiated @ 5946 with stop-loss @ 5980 (closing basis). Targets are5847, 5793, 5736, 5689, 5585, 5520
A long can be taken if Nifty is able to close above 5950 with very tight stop-loss @ 5940. Targets are 6040, 6080.
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