NIFTY50 - Index Analysis - 28th May #nifty50

May 28

NIFTY50 Update (as on 28th May, 2024)

On a Daily TF:
- The market is at a precarious spot with signs of a reversal from the trendline
- 22775 is a support but it doesn't look a strong enough support zone

For your Swing Trades:
- Please position size very carefully
- Trade the Trend

* Disclaimer

May 31

Note

NIFTY50 Update (as on 31st May, 2024)

On a Daily TF:
- The price is at our lower trendline
- The current support level is at 22360
- But a breakdown of 22300 will make it go down another 250 points to 22050

On a Weekly TF:
- The entire gains from the previous week has been taken out in 1 single candle
- The weekly support level is at 22050

Going forward:
- Over the weekend I shall look only for stocks on a Strong Weekly Support or for confirmed Breakouts
- Going easy with the charts being shared so that we do not make mistakes (there's always a new opportunity)
- With the market going all over, stocks may fail due to uncertainity and no confidence

Stay Positive
Become Emotionless
&
TradeRyte

* Disclaimer

Jun 4

Note

NIFTY50 Update (as on 4th June, 2024)

- The entire gains of May were taken out with just 1 candle today

- As always keep your Risk Management in play constantly
- Do not jump into falling knives

* Disclaimer