Nifty hourly chart analysis

2019年5月7日

1) *Avoid shorting as long as Nifty trades above 11550
2) Go long only above 11750 (on hourly chart closing basis)
3) Wait and watch zone between 11750-11550

2019年5月7日

註釋

Also marked my observation: Whenevr NIFTY was at a major support at RSI was at 30 it gave a strong bounce. Hence avoid going short at current levels (11600+)

2019年5月7日

註釋

Shorted below 11550 and going to book profit at 11350 with SL above 11600

2019年5月8日

註釋

Booking 110 pts partial profit at CMP 11440

2019年5月8日

註釋

Made a low of 11352 and missed our target of 11350 by 2 points.
Going to square off my position before market close to avoid carrying the position to the next day.

2019年5月8日

交易結束：目標達成

Booked 200 pts profit at 11350
and 110 pts profit at 11440
with SL of just 50+ pts