Our Short initiation @ 6020, now almost 190 point profit in a just 3 days... What to do now ?
We don't know when market will take turn but we need to systematic approach to ride the trend. So please consider 5920 as stop loss. You can book the partial profit if you trade in multiple lot.
We can see in the below chart 5750 -5800 is the Resistance zone area for this down move from 6093.
Support should act as resistance now. If the nifty break below 5750 then there could chance of free fall.
But its very early to say as Nifty has to face series of resistance now.
Happy trading!!!
Yogi
We don't know when market will take turn but we need to systematic approach to ride the trend. So please consider 5920 as stop loss. You can book the partial profit if you trade in multiple lot.
We can see in the below chart 5750 -5800 is the Resistance zone area for this down move from 6093.
Support should act as resistance now. If the nifty break below 5750 then there could chance of free fall.
But its very early to say as Nifty has to face series of resistance now.
Happy trading!!!
Yogi
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