NIFTY METAL - MINOR PULL BACK - LONG DECENT PROFITS OPPORTUNITY
NIFTY METAL:
Note: It's purely, my personal view and has nothing to do with my knowledge or study...
I feel a slight resistance for NIFTY METAL @ 3185-3200 lvls.. and a slighter retracement can be seen in the overall sector.. But, that doesn't mean it's on the negative side. It shd positively take support at two crucial levels...
Lvl1 @ 2850and if breaks, 2763 shd act as SUPER RESISTANCE... But, if this breaks, can be another big fall to 2500-2200 range making some good chance for ppl to have better quality positions in scrips under this belt.
But once, 3200 jinx is broken it shd make some good decent rally till 3600-3850 making good returns for existing positional players.
Note: It's purely, my personal view and has nothing to do with my knowledge or study...
I feel a slight resistance for NIFTY METAL @ 3185-3200 lvls.. and a slighter retracement can be seen in the overall sector.. But, that doesn't mean it's on the negative side. It shd positively take support at two crucial levels...
Lvl1 @ 2850and if breaks, 2763 shd act as SUPER RESISTANCE... But, if this breaks, can be another big fall to 2500-2200 range making some good chance for ppl to have better quality positions in scrips under this belt.
But once, 3200 jinx is broken it shd make some good decent rally till 3600-3850 making good returns for existing positional players.
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.