NIFTY TRADING LEVELS FOR 17TH AUGUST

NO TRADE ZONE
4596 TO 4544
Once Nifty enters the No Trade Zone there will be lot of whip saws.
When Nifty is trading inside the No Trade Zone strategy will be to Buy Nifty near 4544 and sell near 4596. Stop loss will be placed 10 points below or above these levels.
BREAKOUT ZONE
Below 4544 and above 4596
Nifty trading below 4544 signals a break down. Strategy will be to Sell Nifty as close to 4544 and trail it till end of day. Stop Loss will be placed 10 point above 4544
Nifty trading above 4596 signals a break out. Strategy will be to Buy Nifty as close to 4596 and trail it till end of day. Stop Loss will be placed 10 point below 4596.