Good Morning Friends,
Once again I avoid giving daily chart and it remains choppy at top. Above is hourly chart and have a look on the trend line drawn. Nifty moved on that trend line itself. Now, its a 50-50 deal. Bulls will save trend line is saving and bears will it can break.
What even be, but it is still having respect. One thing is clear that 15800 is still proving as tough resistance. We have meaningful support at 15600, little far by 150 points. If you can trade conformably in this zone then one can trade. opt a strategy of buy low and sell high.
I also opted s strategy of shorting high due to better risk reward. Well, still you cannot be too greedy as market is not weak yet. It can be ... it may be a pause before next rise. I still use can be may be. Hope for the best today.
Happy Trading,
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