As predicted in last week nifty is exact on track....y'day's low 5051 is major support ..below this 5025 important....if it braks then 4995 my positional tgt given well in advance will get hit....
Another important point is that if this correction doesn't stop near 4975/4935 level then we have to take a fresh review for deeeeep levels.....!
For wednesday I suggest.....cover shorts near 5050/5030 and go long with sl 5025 as positional trader....for intra sl is 5007 for longs.....and take short near 5080 with sl 5090....for positional long tgt is 5120/5145/5181...
For wednesday...
RANGE---5025....5055----5055....5080----5090....5120
BIAS--- negative
STRATEGY---- go long near 5050/5030 with sl 5025/5007(intra/positional depends on actual session)..tgt 5080....go short @ 5080 with sl 5090
