PREVIOUS WEEK: The week was as per the plan , we got thee trades .First trade sold around 5230 was covered at 5070 giving good 160 points profit, second trade was stopped out at 15 points loss, bought at 5070points and stopped and reversed at 5055 and the third trade gave us another 155 points as nifty after slipping below 4850 level managed to close near 4900 level. This week again we cover the entire move for the week. with 290 points profit ofr the week
THE WEEK AHEAD:With nifty near the bottom of the range of 4720-5160, gave a false break out by moving past 5350 level is now back in the range buying near supports and selling near the resistance has given good profits, only a break of the range would give a larger trade setup.
Expected range for the week 4676 -5068, trades taken near these levels would give good trade setups.
For the conservative traders Buying near 4670-85 with SAR below 4660 and selling near 5060-70 with SAR above 5080 should be the strategy
For aggressive traders Sold below 5040 with SAR above 5130
HAPPY TRADING!!!!!!!!!
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