The Nifty Future rise appears to be corrective and may take few more days to complete which should ideally take it up to 9942 to 10000 levels which are 50% and 61.8 % retracement levels of previous fall from the top of 10188.8 to 9695. I will wait for this correction to complete to initiate a positional trade in it.
The day traders can buy it above 9871 with a stop loss of 9837 for the target of 9939 to 9950 region and sell it below 9834 with a stop loss of 9871 for the target of 9788 & 9755.
For further trades or queries,
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