NIFTY TRADING PLAN 28 AUG -31 AUG (EXPIRY DAY)

Expiry week - Trade with Negative bias 

• NIFTY RESISTANCE AT 9948 in spot level
• NIFTY SUPPORT AT 9740

With call and put data breaking above 9942 and breaking below 9830 in future will decide the trend. Nifty future is 9880 now.

Weekly Chart pattern  shows Nifty may touch  9600 level in coming weeks.

Predetermined trade : IF Nifty opens at 9940 level in future or it touch in the first few hours,  I will sell Nifty around 9940. Target and stop will be determined in the due course.

US and EU index also looks weak (or not so bullish), so I feel they will not support NIFTY in this week.

Gook Luck..

Yours

A zen Trader.