Long

Pure Price Action in Nifty(Long)

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As we seen in the chart of the Index, it looking that Nifty is repeatedly trying to break a Flag Pattern and Moving towards its third leg. Traders can buy the index future around 9300 levels. We hope that Nifty will retest its Opening levels by today. Keep Strict SL below today's swing low.

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Book early profits if Nifty going toward 9360 levels and short once near day's high as double top formation looking in the area. Besides all these things, 9300 PE writers are also looking strong not even in this series but also in the next upcoming series. As expiry is underway in this week, so don't go with options and put your stop as small as you can. Do not make hurry.

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Trial your SL as per risk appetite

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Profit booked in 9370 levels.

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Again reached in the days high level.

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