As said support @ 3615...it touched 3617(though on chart only)..as said resistance @ 3680....upto last 10 minutes it was resisted there..and close just above it......the strategy as told was very beneficial for then who followed it.......there was a chance to earn both way.....For today I will say sell on rise.....nifty has resistance @ 3720/3755....so best strategy to go short with just 40/50 points of risk for lower tgts....as I expect total turn in next few session....and correction up to 3350/3260......so those who will trade smartly and by entering rentering method bring average cost price down can get big returns in this series.... today if gap down and below 3648 go short with sl 3680 for tgt 3615 ( I was expecting to break 3615 y'day ..but it wil break today..) or even 3583......one may think @ 3615 what trend is taking place but those who are short @ higher levels need not to cover today...carry shorts for another 2 days.....for tgt 3520...if flat opening and not crossing 3698 then again go short with sl 3720......this is the peak point in this series those getting short position here will be rewarded with best returns....of course remember 3755 sl as closing basis......
For today support for nifty 3648/3615/3583.....resistance @ 3685/3698/3720......hereafter upto crossing and closing 3750++ go short with every rise near 3680/3700 with sl 3755 as closing basis........good luck...!
