Day Trad­ing Guide

The Economic Times - - Smart -

The daily chart of Nifty saw a break­down from the im­me­di­ate os­cil­lat­ing range of 7750-7600. Im­me­di­ate sup­port for the in­dex is placed at 7500 be­low which 7400 -7300 could be an im­me­di­ate move­ment. Pull­back, if any, will make the re­ward to risk lu­cra­tive for liq­ui­dat­ing long po­si­tions with an ex­pec­ta­tion of buy­ing lower. Short-term traders could re­sort to a tem­po­rary sell on rise mode with a stop above 7740.

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