NIFTY is currently trading at major support on daily time frame one can initiate a long position if Nifty stays above the support on daily closing basis for targets mentioned on the chart should Nifty give a break down below the Red line and close on a daily time frame below that level then one can go short for targets mentioned on the chart these levels are not for intraday trading and can be taken on positional basis in futures preferably one can initiate the trade with 45-55 point stoploss in either direction
Comment:
exited nifty april futures entry was at 17643 trade closed at 17804 will wait for break out above 17840 for targets of 17925 and 18085 possible in May series, Nifty is bullish as long as it stays above 17560 on a day close if it closes below 17560 then i will go short on nifty for lower targets