Nifty future intraday chart shows nifty future is more likely to bounce for intraday trading, so I would suggest traders to look at 4945 level for long entries with 20 points gain in this trade hence targets will be 4965 level. Stop loss also 20 points i.e at 4925 zone. Here Risk-Reward-Ratio is 1:1 and I wont be taking this trade today, as I will be busy with some other work.
On 15 min charts stochastic indicator shows nifty future is oversold and buying must be expected in today’s trading session. For latest market updates, join me on Facebook and Twitter or subscribe to Free SMS List.