As we are Long in Nifty from 4800,4750 Levels in Nifty & booked profit at near to 5050 range.
Now its a new week & we initiate new & fresh trades.
All previous longs if held will be book near to 5000 level.
My view will be a buying again near to 4900-440 Level with sl 4870 strictly.
If sl hit than rebuy in dips of 4800-4750 level.
This week should be of range bound moves,not much action can be seen.
On upper side shorts can be re initiated near to 5050-5100 level with sl of 5130,any rally will witness sell off & any dip will be supported by buying.
Now its a new week & we initiate new & fresh trades.
All previous longs if held will be book near to 5000 level.
My view will be a buying again near to 4900-440 Level with sl 4870 strictly.
If sl hit than rebuy in dips of 4800-4750 level.
This week should be of range bound moves,not much action can be seen.
On upper side shorts can be re initiated near to 5050-5100 level with sl of 5130,any rally will witness sell off & any dip will be supported by buying.
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