Good Morning !! NIFTY may open flat to positive.
If we look closely at daily chart, it is clear that yesterday NIFTY took support at lower line of rising wedge. There may be possibility of pullback from that level. 6040 is the level to watch. Below that level, NIFTY may come down and above that level NIFTY may go up.
Possible trade setup:
Buy NIFTY above 6040 SL 6020 target 6065/6080
Sell NIFTY below (around) 6040 SL 6060 target 6020/6005/5990
If we look closely at daily chart, it is clear that yesterday NIFTY took support at lower line of rising wedge. There may be possibility of pullback from that level. 6040 is the level to watch. Below that level, NIFTY may come down and above that level NIFTY may go up.
Possible trade setup:
Buy NIFTY above 6040 SL 6020 target 6065/6080
Sell NIFTY below (around) 6040 SL 6060 target 6020/6005/5990
NP-SAR for the day: 6045
Wish you happy trading !!!
1st target done on buying side...
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