NIFTY 1 Hr
At larger picture, we are bullish on NIFTY.
On short term, we expect correction.
Market moves in wave pattern. There is some Buying and then Profit Booking and then buying from lower level and the so on....
In this case, we have seen profit booking at lower level after it crossed trend-line and then there was buying at lower level but now market is indecisive.
We wait for market to reach at certain level where risk-reward ratio favour us for better trade setup
On short term, we expect correction.
Market moves in wave pattern. There is some Buying and then Profit Booking and then buying from lower level and the so on....
In this case, we have seen profit booking at lower level after it crossed trend-line and then there was buying at lower level but now market is indecisive.
We wait for market to reach at certain level where risk-reward ratio favour us for better trade setup
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.