Hey Guys, Lets analyze why we entered the trade. In 15mins Nifty is in uptrend as marked by yellow trendlines and it pulled back to previous resistance 8500's which is also psychological support level. Then we have risk reward ratio of approx.2 which is very good.
So we took the trade and as expected after we took trade its moving up, if you guys want to trade for higher targets of 8600's,though we are in bullish trend, trail your stops very carefully.
Happy Trading !