The Nifty future bounced to gain 150.3 points to close at 10202.95, just above its resistance at 10197.The 60-min chart shows the stochastics oscillator in the overbought region and RSI around 58 implying that this move may correct or reverse and has support at 10184 and 10148.
The day traders can buy it above 10185 with a stop loss of 10145 for the target of 10260 and sell it below 10145 with a stop loss of 10185 for the target of 9989 and 9968.
Do not trade for first 10 minutes of the day.
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