Expected out break

Monday move almost fulfilled my expectations, in some time i got a feel that the run was a pre-planned one. But any way this move will target around 5200 levels. So day traders may use this fare chance to back some bucks.

Positional call on Nifty given on monday almost clinched 100+ points and that can be carried for a target of 5166 on Nifty spot.After booking profits in long just wait for a trend and further direction.

In case if Nifty struggles at 5100 levels then hedge your long position. But i am very sure about 5166 to be reached in a day or two.





Nifty spot Levels for the day:

5034 - 5070 - 5092 - 5113 - 5127 - 5166

Open call for the day:

( Only for Risky traders ) :- Sell Nifty future @ 5092 SL 5111 -- Tgt 5036 .

Please note this call is only for intraday, reverse the trade once 5113 is crossed. Positional long holders on Nifty can trade accordingly.