Nifty 12-12-2024 Weekly expiry
Gift nifty is trading at 31 points down and expected to rebound.
Expecting NIFTY to make an upside move till 24748 and hold or even move to 24859 levels but before that it will downward move to a lower support levels 24548 or nearby.
Suggestion
No call selling if volatility is high. Only if it hits 24450 and makes it as its resistance.
One profit booking is expected at or near 24748. If it holds reentry suggested but no holding long.
Again full risk n no stop loss so small positions suggested.
Stay ATM. Expecting everyone to recover stop losses bearings everyone has taken for last 3 days.
Expecting NIFTY to make an upside move till 24748 and hold or even move to 24859 levels but before that it will downward move to a lower support levels 24548 or nearby.
Suggestion
No call selling if volatility is high. Only if it hits 24450 and makes it as its resistance.
One profit booking is expected at or near 24748. If it holds reentry suggested but no holding long.
Again full risk n no stop loss so small positions suggested.
Stay ATM. Expecting everyone to recover stop losses bearings everyone has taken for last 3 days.
Trade active
carryforward closed. +++
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.