Nifty 50 IndexLong
NIFTY: MARKET ANALYSIS
Nifty is an index that can be traded only in options.
So from the perspective of intraday,
the market has been making higher highs and higher lows after the fall in the 15 min time frame
there is immediately liquidity area above the area where the price has closed
So we need to see how the market reacts immediately after taking liquidity there and then
proceed accordingly.
The market has already trapped the bears and made a V shaped recovery in the DAILY timeframe
So following the higher time frame bias, it is advisable to go long, and enter the trade when there is a pullback
So from the perspective of intraday,
the market has been making higher highs and higher lows after the fall in the 15 min time frame
there is immediately liquidity area above the area where the price has closed
So we need to see how the market reacts immediately after taking liquidity there and then
proceed accordingly.
The market has already trapped the bears and made a V shaped recovery in the DAILY timeframe
So following the higher time frame bias, it is advisable to go long, and enter the trade when there is a pullback
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