Nifty continues to trade in the range, after quick recovery from the low of 4639 the index is slowly moving towards the bottom.
A bearish Gartley is in the making and if nifty finds support between 4680-4720 levels the we would be moving north to complete the pattern.
TRADE SETUP FOR THE WEEK: Expected high /low for the week 4982/4724, with pivot at 4932, positions taken near these levels would yield good returns, SAR traders are short near the pivot since last Friday and already part booked at 50& 100 points respectively
A bearish Gartley is in the making and if nifty finds support between 4680-4720 levels the we would be moving north to complete the pattern.
TRADE SETUP FOR THE WEEK: Expected high /low for the week 4982/4724, with pivot at 4932, positions taken near these levels would yield good returns, SAR traders are short near the pivot since last Friday and already part booked at 50& 100 points respectively
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• Silver December future has declined 0.3 percent in early deals at $ 19.157.
• Platinum January 2017 contract has shed more than half a percent at $ 1,026.
• Gold December delivery is almost unchanged at $ 1,317 an ounce.
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