RECAP OF 8TH ANALYSIS AND TRADE:
Nifty supported @ 19550 ( price action levels) & crossed cluster resistance levels @ 19637 and rallied up to 19737.
Trades taken:
Bought 19550 call and 19600 call on 15 min close above 19637 and squared off Intraday - very good trade done.
NIFTY ANALYSIS FOR 9TH SEPT:
Prev Day
HIGH - 19737
LOW - 19550
CLOSE - 19727
Nifty just crossed the 61.8% fibo ratio @ 19697. A pause likely at golden ratio. A move past 19740 - will target the next swing high of 19798 - 19825 - corresponding to 78.2% fibo ratio and the Channel resistance.
INTRADAY LEVELS:
BULLISH ABOVE 19740 - towards 19798-19825
BEARISH below 19690 -19640 (50% retr of 19550 - 19737) -19605
PRICE ACTION LEVELS:
19740
19690
19640
19605
