Nifty 50 IndexShort
NIFTY Analysis Semi-Long Time frame
Nifty analysis according to me. I am a beginner though my account is old so 'bear' with me and pardon if I make some mistakes.
* Price finding a little hard to cross the 19900 mark easily.
* though the rise from 19000 level was strong the steam seemed to have run off.
* expiry is nearing, so there might be a good breakout or fall coming soon.
* unless this gives a break out I wouldn't long this just yet.
* Shorting small with a stop at 20200 level seems like a good idea to me.
That's all for now, let's see how this plays out!
* Price finding a little hard to cross the 19900 mark easily.
* though the rise from 19000 level was strong the steam seemed to have run off.
* expiry is nearing, so there might be a good breakout or fall coming soon.
* unless this gives a break out I wouldn't long this just yet.
* Shorting small with a stop at 20200 level seems like a good idea to me.
That's all for now, let's see how this plays out!
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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.