11/10/2019 @ 7.17 hrs
Today nifty must hold 11196 where it opened on Monday. It was a positive opening and in order to ensure forward move it must close above this. We do not look at any other parameter.
There are least possibilities of revisiting 11090 since the bottom is made near 62% retracing level of (10690-11694) 1000 points rally.
A weekly close above 11274.20 where it halted on the day 20th September should add further momentum to nifty during next week.
If nifty closes above 11321, which was this week's high so far, it would be the best.
Today's range : Nifty 11175- 11325. Bank Nifty 27750-28750.
BN intra day swing of 1000 points has become a daily affair. Any wrong side position in options or futures will wipe out your capital. market does not have heart and no place for mercy. Read these lines 100 times to understand the type of business you are in.
Good Luck!
PS: My best wishes to all those who have joined recently and my only request is to follow disciplined trade which I am teaching all of you.
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