NIFTY traded within yesterday's Range of 8700 to 9100.
The day started with Gap up opening of almost 3% at 8900. To start with it went up indicating further upward movement.
Then the market started to come down to test the day low. An long entry here would have the perfect low risk reward entry.
From here the market again moved from 8900 to 9000 , got resisted and then broke out to test 9100. A pullpack from here again to 9000 then finally again a move to 9100 where it ended near the major short term resistance.
For Monday the 12th April, A gap up will indicate a uptrend continuation or it can move down from here..
The next day trade
- long trade above 9150
- short trade below 8900
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