1) *Avoid shorting as long as Nifty trades above 11550 2) Go long only above 11750 (on hourly chart closing basis) 3) Wait and watch zone between 11750-11550
Nota
Also marked my observation: Whenevr NIFTY was at a major support at RSI was at 30 it gave a strong bounce. Hence avoid going short at current levels (11600+)
Nota
Shorted below 11550 and going to book profit at 11350 with SL above 11600
Nota
Booking 110 pts partial profit at CMP 11440
Nota
Made a low of 11352 and missed our target of 11350 by 2 points. Going to square off my position before market close to avoid carrying the position to the next day.
Trade fechado: objetivo atingido
Booked 200 pts profit at 11350 and 110 pts profit at 11440 with SL of just 50+ pts
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