Nifty is trending along the downward channel. 9370 is acting as strong support. But I expect nifty to break the support and reach the levels 9340 and 9300. In downward channel trading plan is sell on rise, till the channel is broken.
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I was chatting with a good day trader here yesterday. He publish ideas very rarely and I asked why. He said, " People dont know the value of a thing if they get it free." But as traders we know nothing is free. We pay brokerage for every trade. Aren't we? Then why cant we click like or write comment when we take time to read a post?
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Nifty is still in downward channel!
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See how nifty is retracing hitting the channel resistance!
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1st target reached on 5/24/17 Low made today is 9342.
Trade stängt: målet nått:
Closed on 1st target!
