Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. Please note that I am not a SEBI registered member. Information shared for educational purpose.
Today, Nifty nicely performed as expected.
India VIX is low 17.16 (-2.49%) which is quite comfortable.
Nifty may go up to 16400, 16500 levels then we can expected profit booking. If Nifty opens flat around 16350 level then in first half look for buy on dips opportunities.
Review overseas markets tomorrow morning for better clarity to adjust your trades as per global cues.
Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Today, Nifty nicely performed as expected.
India VIX is low 17.16 (-2.49%) which is quite comfortable.
Nifty may go up to 16400, 16500 levels then we can expected profit booking. If Nifty opens flat around 16350 level then in first half look for buy on dips opportunities.
Review overseas markets tomorrow morning for better clarity to adjust your trades as per global cues.
Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2