- Nifty has defended the lower trend line of price channel existed since 2015 with a bang
- It seems 11000 is the low set for 2019 and should not be broken
- If same momentum continues then target for Apr is 12900 i.e upper trend line of price channel
- Trend for Apr is UP till on daily basis it closes below 11300, till then shorts shouldn't be taken
- New long should be taken if it trade above 11630 at 10:15 on 1st Apr, SL for this position should be 11580
- It seems 11000 is the low set for 2019 and should not be broken
- If same momentum continues then target for Apr is 12900 i.e upper trend line of price channel
- Trend for Apr is UP till on daily basis it closes below 11300, till then shorts shouldn't be taken
- New long should be taken if it trade above 11630 at 10:15 on 1st Apr, SL for this position should be 11580
Trade active:
Trade Active, if hourly candle closes below 11580 then low of that candle will be exit point and will take the short trade there
Trade active:
Current position short .. SL 11725 (cash)
Trade active:
SL revised to 11661 (cash), will reverse the trade at this point
Trade active:
Now long on nifty with SL of 11558