Re: Time to Stick my Neck Out ,Nifty 7300
Intraday Trades booked profit at 4708 once again.
For positions, NIFTY Spot makes a spinning top on 60 Minute chart around the Fib Level of 4690. This level has witnessed a lot of trading in last couple of days,should act as support after the resistence was broken. If price cuts the low of this bar, we can go short with today's high as stop else we can wait for 5-minute chart to start making series of lower lows if we want a smaller stop-loss.
Regards,
--Ashish
Intraday Trades booked profit at 4708 once again.
For positions, NIFTY Spot makes a spinning top on 60 Minute chart around the Fib Level of 4690. This level has witnessed a lot of trading in last couple of days,should act as support after the resistence was broken. If price cuts the low of this bar, we can go short with today's high as stop else we can wait for 5-minute chart to start making series of lower lows if we want a smaller stop-loss.
Regards,
--Ashish
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