nifty

at imp trendline support - if it breaks 1st support near 11870
risk reward for buyer at this pt is good

Commento:

Nifty Index observation :
A rejection of 12K once again by Nifty for the fourth time over the past 15 days isnt a good sign for the short term. Nifty has immediate support at 11,800 odd levels and refuses to break past the peak of 12,103 formed in Jun 2019. A shake out of weak hands can't be ruled out over the next 7-10 trading sessions in Nifty before the Jun'19 peak of 12,103 is taken out convincingly

cmp 11902 sl 11880 buy nifty

Commento:

closed at 11914 - sl never hit post call.

Commento:

now trail sl for long is 12068