NrupenM

Nifty on Point of Significance

NSE:NIFTY   Nifty 50 Index
Today Nifty opened above 100 points, started falling down and then recovered . The 2 big red candles denote weakening of upside and the red line above shows point of significance. In case you are in long position its time to keep trailing SL on your profit.
I think there are roughly 66% chances that Nifty will go sideways or fall from Point of Significance. By placing SL on Profit make sure to exit positions in profit in case price starts falling.
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.