Pre open Trading ideas of Nifty

Pre open Trading ideas of Nifty Fut for 05.08.2021 last cl 16260.

Expected opening mild positive amid flattish Asia Cues.

•    Initial basis cautious stance should be maintained before 16300 <+/- 15/20 points.>

•    Initial range 16330—16230.

•    Down side as long as holds 16230-200 then buy on dips with tight stop losses Tgt 16270-16300 & major 16330.

•    If fails to cross 16300-16330 then sell on rally for 1st time Sl strictly 16370.

•    Break down sell if convincingly breaks 16200 then Tgt 16170—16140 & 16123.

•    Buy on strong dips near 16000 with stop of 15970.

Source : Eureka

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