Gap up opening is expected with possibility of profit booking at higher level .Do not miss initiating short position at 6785 95 with sl at 6806 initiate long if sustains at or above 6806 because above 6800 short covering may take place and unexpected move of 40 to 60 points won’t be ruled out but below 6800 best to add more short positions …Stay at chat room Dhanvarsha for real time tips and updates analysts may share their calls also at chat room http://dhanvarsha.in/chatroom/
eod Nifty confirmed reversal on chart so today’s gap up open may be treated as retest of recent high bole to market is providing exit opportunity to traders if entered on wrong trade …
Trade in NF as per these levels
BUY at / above: 6806 Targets: 6823 – 6844 – 6864 – 6885 Stoploss : 6785
SELL at / below: 6785 Targets: 6768 – 6747 – 6727 – 6706 Stoploss : 6806
Gap up opening and profit booking
