Index is near its psychological Resistance level (15000). We may see a short reversal near this zone of 100 points. Kindly wait for the RSI trend line in breakout or breakdown to happen.
Execute Short or buy puts if the index is below 14880.
Don't go for any Longs now, as long as you have any valid reason.
Kindly share your valuable feedback.
Disclaimer: Please do your own analysis before taking any trade. This view is for educational purposes only.
Execute Short or buy puts if the index is below 14880.
Don't go for any Longs now, as long as you have any valid reason.
Kindly share your valuable feedback.
Disclaimer: Please do your own analysis before taking any trade. This view is for educational purposes only.
Trade active:
Nifty opened With gap down as expected. But target didn't achieved