As I shared my view on NIFTY in Fridays article. As of now no significant change on that stand. Personally would avoid any longs for positional trading until the high of 31st Aug is crosses on upside. Although the short term trend is up. Still no harm in avoiding longs several other scripts are available for trading. A close above yesterdays high or low would magnify the trend on either side. Because yesterday was important Gann Date.
Because the short term trend is up it’s easy to trade it with daily angles. But problem with that is they cant be shared because of there evolving nature. The trade has to be taken in real time. Anyways the market might give a decent move till friday. Important support zone is in between 11380 to 11400 on spot. So it should be watched closely.
Disclaimer views expressed above are personal. And are Subject to change with time. Any Trades taken with reference to above Analysis has to be at your own risk. Trading in Financial markets is always subject to risk. So dont forget to consult your Financial advisor before taking any trades.
gann,insides 