Nifty Continue its trading In a very narrow Zone of just 30 points,5365-5395.
One can easily trade this zone with a 10 point sl on either side.
For a bigger trade wait for a break below or above this range.
A break of 5355 NS can bring 5300 very fast.So be cautious & keep strict sl for any long position.
My Bias are much of bearish Side.
Trades for today:-
Buy Nf @ 5363 Sl- 5350 T-5380,5395,5410
Short Nf @ 5405 Sl-5415 T-55390,5360,5340
Trades as per Pivot tarding:-
Buy Nf above 5384 sl-5366 T-5399,5417
Short Nf below 5365 sl-5384 T-5349,5331
I want to clear some confusion regarding Pivot trading that if levels hit it does not mean we always have to tarde but we have to monitor wether Nf sustain above or below that level or not.
Taking example of today Nf cant sustain above 5384,it goes to that level & sleep back,so we have to look as it can sustain above it to reach our target.
Soon I will again start Nf Swing tarding.
Toady level for swing tarding:-
Go short below 5326.
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