Nifty

Position : long

Intra Day Trade S 5663-5660 R 5738-5742
Positional Trade S 5625-5617 R 5777-5780


38.2% of 6111-5477 is @ 5719
Negative breakout TL at 5727 . So, Trading resistance itself stiff resistance

So Stiff Resistance breakout always initiate short squeezed..


Keep the sl 5617 positional on closing basis for all longs
Keep the sl 5650 for Intra Day.

Trend +ve

Expectation : breakout above the yesterdays high again one more short covering

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