Nifty, similar to Banknifty was volatile on Friday, though there was a gapup, it closed lower.
- Today, if there is a gapup above 17850 or gives a 5 minute candle close above 17850, then I would go long with half quantity. Since there is another resistance around 17900 levels.
- If the price breaks 17800 levels, then I would short with a stop of 50 points and first target around 17700 levels.
- Today, if there is a gapup above 17850 or gives a 5 minute candle close above 17850, then I would go long with half quantity. Since there is another resistance around 17900 levels.
- If the price breaks 17800 levels, then I would short with a stop of 50 points and first target around 17700 levels.