Nifty Levels for 29July2022

NSE:NIFTY   Nifty 50 Index
Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2

Nifty is looking quite strong on chart. OI data for next week expiry is also quite positive. I will look for buying on dips opportunity. Right now, Risk:Reward ratio is not in favour of Bulls. Today, Bull have completely dominated the expirty trade. Good traders for tomorrow's trade.

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