Nifty Levels for 27 Jul 2022
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.
Today, Nifty has respected the major resistance levels . Head & shoulder pattern on 15 minutes timeframe worked well.
Nifty is likely to consolidate after flat to negative opening before US Fed Event based on Nifty option-chain open interest data and global cues
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
Today, Nifty has respected the major resistance levels . Head & shoulder pattern on 15 minutes timeframe worked well.
Nifty is likely to consolidate after flat to negative opening before US Fed Event based on Nifty option-chain open interest data and global cues
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
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