Nifty: Technical levels working to perfection yet again ✌😀✌

Nifty

I already have my strategy in place, and just playing along with the same.

But for those who were looking for fresh opportunity, yesterday, it was suggested to look for buying opportunity in Nifty if it comes between 15760-15780 levels where Risk::Reward ratio would turn favorable again...

You can read about it below

Today Nifty bounced back after making a low of 15779.70 (exactly from levels mentioned) providing perfect opportunity for those who were looking for fresh opportunity.

The idea with Technical Analysis is:
- you identify your levels before hand,
- understand your risk and reward potential
- Keep patience and
- when you see those levels come simply put your Plan to Action.

The level of 15865 has been discussed in my earlier posts as well

And Nifty is above that level in the last half an hour... Looking good if closing is above 15865...

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Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be