silenttrading

Nifty Prediction for 30th Aug. Will market sustain 16800?

Long
silenttrading Updated   
NSE:NIFTY   Nifty 50 Index
Tomorrow Market may open in Gap up
Reach up till 16800
If and only if you get an opportunity to 16710 level then take CE
otherwise, Wait for Reversal only...Because sentiments are positive and mixed for Profit booking levels
Around 16790-16800 Profit booking may come be Ready for that
If trend line breaks then and only Then PE should be taken
Stoploss will save you
Comment:
Also look for Gap up above 16800 it will go maximum to 16900 if there you get rejection then dafinately look for PE
Gap down - opens and sustain below 16640 it will go to 16600
Act accordigly.
P.S. Stoploss is must

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