Good Morning Friends,
Its almost two months that we are near 15600 levels but still indecisive mode. Technical set up is still not giving great clue for breakout time. So far it looks like Nifty will turn heavy again near 15900 to 15960 levels.
There are chances that if it fails to give breakout on higher side then we can able to see 15600 levels again. So, I am sitting blank as of now and waiting for next move. I may add some position on short side on weakness but with very strict stop loss with Nifty spot equivalent to 15960 + levels. (All depends on intraday setup to take such decision). Take a note it can be contra deal and do not move with out stop loss.
Do not play khatron ke khiladi season 12. Just joking.... you are good enough to put stop loss.
Does anyone talk about 16000? Number of people anticipating such levels are lesser this time.
Let us see how much opportunity we get today.
Happy Trading
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