Nifty will face resistance near the resistance level.
If Nifty does not cross the resistance level to upside in next few days, more correction can be expected.
It can even correct the entire wave which started from 16410.
Hence continue to stay bearish until and unless resistance level is breached.
To join my broadcasting channel or if you want to connect with me check my profile section for more info.
Till then stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
If Nifty does not cross the resistance level to upside in next few days, more correction can be expected.
It can even correct the entire wave which started from 16410.
Hence continue to stay bearish until and unless resistance level is breached.
To join my broadcasting channel or if you want to connect with me check my profile section for more info.
Till then stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
Comment:
Nifty at daily support of 17000 and It should be respecting it for a new wave to upside. Good place for longs but with SL.
