Day Trading Guide
Nifty breached above the oscillating range of 77507500 with a ‘Break Away Gap’ reinstating the bullish momentum. A sustained price action could further extend the momentum & push it beyond 8000. Only a breach below 7700 would stall the momentum & push Nifty within a range of 7500-8000. Short-term traders could initiate longs on dips to 7800 with SL at 7700 and target of 8000.