NIFTY support 12950 - Go long or short?
Right now Nifty support of 12950 has proved to be quite strong. Even on the hourly chart.
So an attempt will be there to touch the recent high of 13140(9spot prices)
Once 12950 is gone on the downside, we may see a rapid fall to the next support of 12750.
Slightly risky traders might have an intra long trade till 13050 or so with stop loss strictly at 12950-940.
So an attempt will be there to touch the recent high of 13140(9spot prices)
Once 12950 is gone on the downside, we may see a rapid fall to the next support of 12750.
Slightly risky traders might have an intra long trade till 13050 or so with stop loss strictly at 12950-940.
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