NIFTY VIEW FOR 06-08-2024
If Markets are being influenced by News, analysing market's next move becomes tough. only relief we will have are, our Support/Resistance Levels. if we Follow proper Risk to reward and Stoploss, we can make money in any situation. Following 1:2 strictly can only save us from surprise moves.
Nobody would have expected this much gapdown and that huge sell off. Nifty is very weak right now. i am expecting Rangeboud for tomorrow's session if it opened flat or in the range of 23900-24200
if market breaks eitherside, we may see momentum in upcoming 1 - 2 trading sessions.
Support zones at at : 23638-23662 , 23414-23429
Resistance zones at : 24410-24425, 24505-24522
Rangebound Zone is at : 23900-24200
All the views i am sharing here are for Educational purpose only. Not a trade recommendation.
"ACCEPTING STOPLOSS IS THE SMARTNESS"
Happy Trading, Thank you.
Nobody would have expected this much gapdown and that huge sell off. Nifty is very weak right now. i am expecting Rangeboud for tomorrow's session if it opened flat or in the range of 23900-24200
if market breaks eitherside, we may see momentum in upcoming 1 - 2 trading sessions.
Support zones at at : 23638-23662 , 23414-23429
Resistance zones at : 24410-24425, 24505-24522
Rangebound Zone is at : 23900-24200
All the views i am sharing here are for Educational purpose only. Not a trade recommendation.
"ACCEPTING STOPLOSS IS THE SMARTNESS"
Happy Trading, Thank you.
Related publications
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.