Trading with PT style
- Thread starter praveen taneja
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NIFTY FUTURES (F & O):
Below 5248 level, selling may continue up to 5239-5241 zone and thereafter slide may continue up to 5237 level by non-stop.
Hurdles at 5272 & 5281 levels. Above these levels, expect short covering up to 5300-5302 zone and thereafter expect a jump up to 5312-5314 zone by non-stop.
Cross above 5319-5321 zone, can take it up to 5332-5334 zone by non-stop. Supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 5220-5222 zone. Stop Loss at 5207-5209 zone.
Below 5248 level, selling may continue up to 5239-5241 zone and thereafter slide may continue up to 5237 level by non-stop.
Hurdles at 5272 & 5281 levels. Above these levels, expect short covering up to 5300-5302 zone and thereafter expect a jump up to 5312-5314 zone by non-stop.
Cross above 5319-5321 zone, can take it up to 5332-5334 zone by non-stop. Supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 5220-5222 zone. Stop Loss at 5207-5209 zone.
Nifty is looking to hold broad trading range of 5205 to 5300 for some period of time from here. In the upside we could expect the target of 5370 in nifty future. traders could go for long in nifty future until it close below the support range of 5190 to 5205. Closing below this support range could push the nifty future till the lower levels of 5145 to 5150 in near term.
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