The Nifty Future had the highest daily and weekly close at 10192.4 indicating some for upside move is left in it. The upside target calculated by using Reverse Fibonacci of the previous decline from 10189.9 to 9695 is 10377. The intraday 60 min chart gives the resistance at 10357 where wave 1 or (A)= wave 3 or (B) as shown in the chart. Therefore 10357-10377 should be the strong resistance area.
The day traders can buy it above 10184 with a stop loss of 10154 for a target of 10288, 10355 and sell it below 10154 with a stop loss of 10185 for the target of 10096.
The positional trader can buy above 10160 with a strict stop loss of 10089 for the target of 10355 for next 2 -3 days.
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