The weekly and monthly charts of Nifty Future suggest that this upside rally may not be complete and is still looking for a higher top of 10155, 10175 or 10229.
For trading, today, Buy it above 10106 with a stop loss of 10064 for the target price of 10155 to 10175. One can also buy near 10060 support region with the stop loss of 10009 for the same targets.This trade is not valid if a new top above 10149.9 is made first.
Sell it only below 10018 with a stop loss of the day’s high made until that time for the target of 9978 and 9930 ( for the day) and below 9710 positional.
A break of 9978 will imply that the top is already in place and it may fall below 9710 in the coming weeks.
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