Nifty: Chart set up, Technical Analysis view and strategy
When Nifty was sub 16000 levels this is what was posted
Hit the play button and see the magic of Technical Analysis.
Now Nifty is near 200 day EMA
current levels have also acted as Support in the past
can the same zone act as resistance now?
Will Nifty fly higher or would it stop?
Only time will tell...
We are not that bullish from here on .
We have covered up our Nifty long position and have a initiated a trading strategy in morning to trade the new situation.
Our strategy gives us protection of 550 points to be wrong and yet not be in loss till expiry.
F&O trade is risky so trade with proper risk management in place.
Take care & safe trading...!!!
Life & Follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Hit the play button and see the magic of Technical Analysis.
Now Nifty is near 200 day EMA
current levels have also acted as Support in the past
can the same zone act as resistance now?
Will Nifty fly higher or would it stop?
Only time will tell...
We are not that bullish from here on .
We have covered up our Nifty long position and have a initiated a trading strategy in morning to trade the new situation.
Our strategy gives us protection of 550 points to be wrong and yet not be in loss till expiry.
F&O trade is risky so trade with proper risk management in place.
Take care & safe trading...!!!
Life & Follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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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.