NIFTY is trading very close to the recent support at 12750.
If it breaks, Nifty will fall sharply.
Before that there can be an attempt to retrace back to 12950-13000 in spot prices.
So if you are not in trade, you can take 12750 as a stop loss to go long for 100-150 pts. else you can wait for 12750 to break for shorting nifty.
If it breaks, Nifty will fall sharply.
Before that there can be an attempt to retrace back to 12950-13000 in spot prices.
So if you are not in trade, you can take 12750 as a stop loss to go long for 100-150 pts. else you can wait for 12750 to break for shorting nifty.
Trade active:
Nifty Long with Stop loss 12744
Trade closed: target reached:
Booking profit - 12850 is also acting as a strong selling point.