GOPISRI

Fin nifty - Trades and targets for 15/5/24

NSE:CNXFINANCE   Nifty Financial Services Index
Hello Everyone. The market was in a very tight range the today. Market gave very erratic moves which took away most of the SL. Always see that the first candle high or low is broken then go for trades, if not then do not trade. If you look at todays chart in 15 TF then you will see the market was in between first candle high and low. When this happens we will not see any good spike in price. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. If we do trades in between these zones premium eating will happen and we end up seeing losses.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.