Nifty positional view
Buy above 11550 sl 11450 target 11650 11725 11850 12000
Reason Nifty register first time breakdown of rising chennal trendline support. If index strongly bounce back in coming session and able to close above 11550 then uptrend should be continue.
Short near 11450 sl 11550 target 11300 11240 11120 11000
If index fails to close above 11550 then correction should be continue and sell on rise stretegy should be helpful.
For educational purpose only
Reason Nifty register first time breakdown of rising chennal trendline support. If index strongly bounce back in coming session and able to close above 11550 then uptrend should be continue.
Short near 11450 sl 11550 target 11300 11240 11120 11000
If index fails to close above 11550 then correction should be continue and sell on rise stretegy should be helpful.
For educational purpose only
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