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Nifty: Will it take support

Long
NSE:NIFTY   Nifty 50 Index
Nifty

Last time when Nifty was at 15833, our view did not fit in but our strategy to sell 15700 Put option has kept us in the game. (Nifty is down 150 points. Loss in our strategy is of 14 points)


- 20 day EMA is around 15677

- 61.8% retracement level is at 15628

. Will it take support here or continue the free fall ?

I would be cautious if today's close is below 15628.

Nifty would require a close above 14735 for momentum to kick in on the upside.

Plan your trade accordingly.

Take care & safe trading...

All eggs should not be in one basket...
Our strategies in Reliance, Aurobindo Pharma , LIC Housing have worked very well in the same time...🙂