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Nifty 15574 - Our Trading strategy

NSE:NIFTY   Nifty 50 Index
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Nifty 15574 - AS expected Nifty was bearish below 15620 and tested low of15529. Be more cautious with this resistance as Nifty has closed below it and there is ongoing background divergence in indicator. As momentum is weak, Unless Nifty closes above 15620, we shall find nifty retesting 15320 in coming days.
Comment: Nifty as expected broken support 15510 . Hourly momentum is still weak and hence we expect it will be bearish below resistance at 15537.
Comment: RBI warns of stock market bubble: Should investors be worried?


caution issued by the RBI over the meteoric rise in Indian stock market amid GDP contraction and its stark warning of a bubble fueled mainly by rising money supply and foreign portfolio investor (FPI) investments.
Comment: Short at 15525 @ 09:34
Comment: Nifty testing support at 15491
Comment: 10 Jun 15500 PE @136.3 - 11:43
Comment: Comment: 10 Jun 15500 PE @ 145.15 @ 13:17

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