Nifty Today 06-Aug-19 - find opportunity to Short on Jump!
Fundamental: Nifty is showing strength today on avid happiness on scrapping article 370 and sign from MoF to listen concern on FPIs.
VIX has been increased yesterday seems to be ease off lightly today.
Any moment in north and neighbor can impact negatively in market, and looking the global data, Bear is roaring.
Technically: A very tight resistance on 11000 for Nifty, it need to cross that hurdle first then start thinking of Buying. On Bank Nifty 28800 will be a important level this week.
If above 11150 on Nifty Sustain and above 28800 on Bank Nifty sustain then will be a sign of Bull control.
Till then, find opportunity to short on every jump will be a good strategy.
Whats the plan today?
Market is recovering, mood is bearish!
What to do next?
Lets wait and watch for the right signal.
Overall: View will be bearish till Nifty crosses and sustain 11150 & BN 28800.
Finding opportunity to short.
#Nifty #BankNifty #TradeSetup
VIX has been increased yesterday seems to be ease off lightly today.
Any moment in north and neighbor can impact negatively in market, and looking the global data, Bear is roaring.
Technically: A very tight resistance on 11000 for Nifty, it need to cross that hurdle first then start thinking of Buying. On Bank Nifty 28800 will be a important level this week.
If above 11150 on Nifty Sustain and above 28800 on Bank Nifty sustain then will be a sign of Bull control.
Till then, find opportunity to short on every jump will be a good strategy.
Whats the plan today?
Market is recovering, mood is bearish!
What to do next?
Lets wait and watch for the right signal.
Overall: View will be bearish till Nifty crosses and sustain 11150 & BN 28800.
Finding opportunity to short.
#Nifty #BankNifty #TradeSetup