Nifty Chart

Nifty Position : Long [+103  points]

50% of 5477-6111 is @ 4794 [Yesterdays High @ 4794.35

Previous Wave Completed High @ 5815.35

Lower Top Trend Line at 5840-5851

Intra day Trade Support 5757-5750 Resistance 5798-5807
Position Trade Support 5727-5721 Resistance 5840-5848

Previous day expectation : Above 5732 then again short covering,, Happened 5794 high and closed
5783[+50]

Expectation : Profit Booking around Trade resistance, Close above 5810 then it will touch Trend Resistance

Without risk takers should book 50% long nifty at Trade Resistance
Risk takers will hold the nifty long with sl 5750(C) [+70 points from buy price] and book profit around Trend resistance 50% [this is also with profit of 160 points]

Print this post