Nifty Short around 21696 - 21680 range Stop loss - 21853 Targ

Nifty Short around 21696 - 21680 range

Stop loss - 21853

Target: 21491, 21410

Nifty 50 index over a 15-minute period, with the price displayed on a logarithmic scale. The analyst who created the chart, Dinesh Naidu, has indicated that they believe the index is due for a sell-on-rise strategy.

This means that they believe the index is likely to experience a short-term upward trend, but that this will be followed by a downward trend. As a result, they recommend selling the index when it rises in the near future.

It is important to note that this is just one analyst's opinion, and there is no guarantee that the Nifty 50 index will actually follow this pattern. Before making any investment decisions, you should always do your own research and consider your own risk tolerance.

Here are some things to keep in mind when considering a sell-on-rise strategy for the Nifty 50 index:

The index is currently at a relatively high level, so there is a risk that it could experience a correction in the near future.
However, the index is also supported by some positive factors, such as strong corporate earnings and a improving economic outlook in India.
As a result, it is difficult to say with certainty whether the index will go up or down in the near future.
If you are considering using a sell-on-rise strategy for the Nifty 50 index, it is important to set a stop-loss order to limit your potential losses. You should also be prepared to hold your short position for a while, as it may take some time for the index to fall.

I hope this information is helpful. Please let me know if you have any other questions.

Stop loss - 21853

Target: 21491, 21410

Nifty 50 index over a 15-minute period, with the price displayed on a logarithmic scale. The analyst who created the chart, Dinesh Naidu, has indicated that they believe the index is due for a sell-on-rise strategy.

This means that they believe the index is likely to experience a short-term upward trend, but that this will be followed by a downward trend. As a result, they recommend selling the index when it rises in the near future.

It is important to note that this is just one analyst's opinion, and there is no guarantee that the Nifty 50 index will actually follow this pattern. Before making any investment decisions, you should always do your own research and consider your own risk tolerance.

Here are some things to keep in mind when considering a sell-on-rise strategy for the Nifty 50 index:

The index is currently at a relatively high level, so there is a risk that it could experience a correction in the near future.
However, the index is also supported by some positive factors, such as strong corporate earnings and a improving economic outlook in India.
As a result, it is difficult to say with certainty whether the index will go up or down in the near future.
If you are considering using a sell-on-rise strategy for the Nifty 50 index, it is important to set a stop-loss order to limit your potential losses. You should also be prepared to hold your short position for a while, as it may take some time for the index to fall.

I hope this information is helpful.