subhagghosh

Nifty Idea on next 1 week ( 22nd July to 31th July'2020)

NSE:NIFTY   Nifty 50 Index
We have hope trading vs reality trading.

Hope Trading:- All is well, the COVID vaccine in line and economy will bounce back.

Reality:- COVID is a reality, the economy will take years to recover and Nifty P/E 29. 01 on 21st July.

RSI is at 52 week High

We are in PRZ - Price Reversal Zone so be cautious.

Wait for reversal signal on chart to short, blind short can make you start hope trading.

Comments

has reversal happened today or breaking 11000 is required for conformation?
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What is your view on Bank nifty for tomorrow ?
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subhagghosh mehulgarodia1234
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