Nifty opened flat today at 7745 and registered low of 7733 but bounced from lower levels and traded with strength for rest of the day to rise more than 100 points from day’s low. Finally Nifty closed 72 points up at 7834 after giving high of 7840.
Yesterday I suggested to buy Nifty if trades above opening price continuously between 9:30-9:45 AM using stoploss of low expecting minimum upside targets of 7811-7852. Nifty opened at 7745 and traded in 7750-7765 range between 9:30-9:45 AM and then bounced till 7840 without breaking low. It was a low risk trade with 20-25 points stoploss for minimum 55-90 point’s profit. Let’s have fresh look on latest charts.