indiamarketoutlook

Nifty: Respecting level of 15915 to perfection

NSE:NIFTY   Nifty 50 Index
Nifty

In my previous update, it was mentioned that above 15865 1st target would be 15915 and thereafter 16020


Nifty made a high of 15914.20 today so far.... Time and again Nifty respecting levels we identified with Technical Analysis to perfection

Need we say anything more...

Fresh entry opportunity could be considered on dips towards 15760-15780 levels where RIsk::Reward ratio would again favor Long

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Take care & happy trading...!!!

Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Comment:

Yesterday it was suggested that buying may be considered in the zone of 15760-15780

Low made so far 15779.70 and thereafter it made a high of 15850

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