Nifty Future appears to move in a rising wedge formation.The break of the lower support line of the wedge will imply that the pattern may be complete and it is heading for a new low below 9695.
The day traders can buy it above 10033 with a stop loss of 10004 for the target price of 10071 and sell it below 9978 with a stop loss of 10014 for a target price of 9935 and 9904.
The positional trades can sell it if it closes below 9978 with a stop loss of 10033 or today’s high whichever is higher for a target below 9695.
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