## Neutral Extreme Day in Nifty.
## IB Low And High both gets Broken and Market closes @ one Extreme.
## OTF stepped later in a day and held Market in Trend into Close.
## So Now we look for Continuation to this Positive Close.
## Which makes it Buy on declines. Ref levels to watch out are 5917 and 5937.
## Upside targets Could be 5970-92.
## Another Possibility if Nifty Opens Below 5957-52 , may Rotate in today's Single prints. ( 5941-24), This
could be Open Trade ( Strictly open Trade, as on daily structure bias is +ve ).
Similar Trade is Possible in TataSteel Future @ Open. i.e. Opens below 388.50, Short Trade possible.
If Opens above 390.50, negate this trade.
Here is Tatasteel Chart,
Happy Trading !!!
Thanks Vandana!
ReplyDelete