Monday, August 06, 2018

Nifty Chart

Expected short covering above 27900(C) for 28095-28118+



Perfect reversal of nifty in weekly swing 11171-9684 and Double top 11171 breakout with good candle size and volume.  So 11171 key for up-side.   Intra view : Traded above 11440(C) for an hour will lead to 11484-11493+  Expected month end profit booking.  Projected Target 11900+ will be possible once close above 11600 only.  Close below 11290 will lead to 11171.  Any GAP-UP may initiate traders to book profit in intra and cover today at support 10320-10300 range

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