Nifty opened lower at 9478 and declined further to register day’s low 9448 but bounce from lower levels by more than 80 points to register day’s high 9535 before closing 16 points up at 9520.
Friday, 9513 was breakeven point for short term and 9472-9454 was the range from where a small or big bounce was expected. Trading strategy was to buy Nifty July 9300 call in 9472-9454 range with stoploss of 9429 expecting target 9565 which further can extend towards 9709. Nifty declined till entry range followed by bounce back and July 9300 Calls bounced from 208-262. Let’s have a fresh look at latest charts for further scenario.
Read more at http://sweeglu.com/nifty-elliott-wave-outlook-and-trading-strategy-for-03-july-2017/
Friday, 9513 was breakeven point for short term and 9472-9454 was the range from where a small or big bounce was expected. Trading strategy was to buy Nifty July 9300 call in 9472-9454 range with stoploss of 9429 expecting target 9565 which further can extend towards 9709. Nifty declined till entry range followed by bounce back and July 9300 Calls bounced from 208-262. Let’s have a fresh look at latest charts for further scenario.
Read more at http://sweeglu.com/nifty-elliott-wave-outlook-and-trading-strategy-for-03-july-2017/
No comments:
Post a Comment