Nifty future maintained its losing streak for the fifth consecutive day to close lower at 10269.4 and now has a multiple support at 10254, 10215 and 10187 region. The oscillators and the indicators in the 60-min chart are in the oversold region and also has a support of Keltner channel at 10252 levels.I expect it to move upside for today.
The positional traders can buy it near the support level of 10254 and add further above 10307 with a stop loss of 10186 for the target of 10354 and 10404.
The day traders can buy it near 10254 with a stop loss of 10214 for the target of 10304 and 10354 and sell it below 10214 with a stop loss of 10256 for the target of 10187 and 10151.
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