Nifty made a low of 5460 high of 5542 and closed at 5531 which is 115 points up from previous close.
Nifty is crossing each and every hurdle day by day with out giving any correction and not giving chance for traders to enter again who has exited previously.
Nifty will find resistance at 5560.
So one can consider shorting below 5520 by keeping 5560 as strict stop loss for the target of 5450 and 5420.
Hi Athi,
ReplyDeleteThanks for the update.
First sentence should have been ".........115 points up ......", and NOT "......115 points down ....".
Kindly rectify the same.
Thanks in advance.
With Regards,