Saturday, February 6, 2016

Intraday Strategy for Nifty50 on 6th Feb 2016

Looking on Hourly chart there is resistance at 7508-7520 levels [Spot]
If Nifty gap up or comes to 7508 - 7520 levels I think there are sellers waiting to short it.
If sellers kicked in and then nifty has chances to fall 40-60 points till 38.2 - 61.8 % Fibonacci levels.

Day Trade strategy.



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