indiamarketoutlook
Short

Nifty medium term view

NSE:NIFTY   Nifty 50 Index
Nifty CMP 9872

Observations

- initial down trend from 10137 to 9685 levels

- Nifty has gone in to consolidation there after



Nifty has to break 9800 decisively to give confirmation of continuation of down trend

Target for the pattern 9380-9360 zone

Stop can be placed at 9930

Risk::Reward ratio is 1::8

This is a positional view and not a day trade view

Do review your trading plan
& plan your trade accordingly...!!!

Take care & safe trading...!!!
Thanks.
Reply
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