Nifty for Intraday (Sep 6)
Comparatively wider CPR on the bullish side. Market may be bullish but expecting it to range bound.
If the 5 mins candle closes above the 17650 with a positive candle, may take long position keeping R1 as the target. SL should be 17610.
If the 5 mins candle closes below 17610 with a bearish candle, may take short position keeping S1 as the target. SL should be 17650.
On breaching R1/S1, the next support/resistance lines are the levels to note.
Note: overall markets across world are not stable.
If the 5 mins candle closes above the 17650 with a positive candle, may take long position keeping R1 as the target. SL should be 17610.
If the 5 mins candle closes below 17610 with a bearish candle, may take short position keeping S1 as the target. SL should be 17650.
On breaching R1/S1, the next support/resistance lines are the levels to note.
Note: overall markets across world are not stable.
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