jaganath22

Falling wedge in nifty

Long
NSE:NIFTY   Nifty 50 Index
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1
Please refer to chart nifty in falling wedge and mostly preparing for a healthy breakout. In every drop big players have managed to lift it up. It means they are not in mood to ditch this. Remember if you think a drop is upcoming like previous year then it's not gonna happen because crashes occur if something is on a global level. Global sentiment is still positive....Home consumption may be affected but business to the world is still open.. More over corona news are already factored in and everyone knows its outcome since this is not new to us we have already faced in the past year. So markets is likely to go up rather than drop down. Reaction to bad news will be light because market already knew that its gonna happen. A slight positive news will be catastrophic because that's what the market do not know.

Disclaimer - Its my personal view :)
Trade closed: target reached

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