It has been mentioned in yesterdays post --- " So now further direction will depend on hourly close outside the range
of 5230-5300. If it closes above 5300 possibility of 5370-5400 " And today at 1:00 pm it given hourly close above 5300 so now possibility of 5370-5400 are high.
Stop loss for this trade will be hourly close below 5256.25.
By giving hourly close above 5300, it may be giving early indication that the short term correction which started on 15 march may be over. For this now it should not break below 5233, otherwise this view will get negated.
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Blog is meant for sharing my trading ideas only and no calls to be
taken as trading recommendation. Visitors please do your own
research or consult your advisers for safe trading.
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