ipuneet

Nifty 12978 n 12856 r important - it is option settlement day.

NSE:NIFTY   Nifty 50 Index
Overbought Nifty has given several opportunities to long side traders to exit.
There may not be many opportunities left, I've been telling my followers to trade on long side but with 1/4th or 1/3rd of your regular volumes.

Even from a immediate term perspective, there will be a strong uptrend as long as 12800 holds.

12978, 13024 are important resistance points.


Do consult your financial advisor / consultant before taking a position with real money, this post is not a advise to trade in speculative markets.