Nifty Update
Today in Nifty our stop-loss has been triggered. As Nifty has closed above 5980 we have exited @ 6000
50 X 100 (2 Lots) = Rs.5000 Loss
Now the questions is WHAT NEXT ???
Now we heading towards a place where we have a cluster of resistences. Now Nifty can go upto 6040 which is a Gann SQ9 Level and then up to 6079 which is a Gann angle resistence. If tomorrow these levels are seen then we will take another round of shorts @ 6030, 6040 and 6079 with stop-loss @ 6110 on closing basis . The Targets are 5946, 5847, 5793, 5736, 5689, 5585,5516, 5477,5435.
And we will initiate LONGS, IF and IF Nifty gives us a close above 6080 (Closing Basis) for the targets of 6290.
Today in Nifty our stop-loss has been triggered. As Nifty has closed above 5980 we have exited @ 6000
50 X 100 (2 Lots) = Rs.5000 Loss
Now the questions is WHAT NEXT ???
Now we heading towards a place where we have a cluster of resistences. Now Nifty can go upto 6040 which is a Gann SQ9 Level and then up to 6079 which is a Gann angle resistence. If tomorrow these levels are seen then we will take another round of shorts @ 6030, 6040 and 6079 with stop-loss @ 6110 on closing basis . The Targets are 5946, 5847, 5793, 5736, 5689, 5585,5516, 5477,5435.
And we will initiate LONGS, IF and IF Nifty gives us a close above 6080 (Closing Basis) for the targets of 6290.
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