Nifty Analysis for 28-07-2022 (Pre-Open)
NIFTY
MARKETS MAY REMAIN VOLATILE DUE TO MONTHLY EXPIRE HENCE TRADE CAUTIOUSLY OR STAY OUT FOR THE DAY
View : Bullish for the day unless we fall below 16550 (stop loss level) upper side its possible to test resistance line at 16685 above which the flood gates will be open for 16800+ levels for fresh upside.
Trade Set Up: If you get opportunity to buy then look for entering LONG in market around buyers zone with strict Stop loss at 16550 levels (or as per your risk profile if you want it somewhat lower).
If market opens above Resistance zone then look to enter on any pullback (with Deeper Stop loss or Positional Trade Stop loss at 16550 )only for Long Trades.
Short sells must be avoided for the day .
Do Comment , share and "LIKE" if you find this info valuable to use .
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
NIFTY
MARKETS MAY REMAIN VOLATILE DUE TO MONTHLY EXPIRE HENCE TRADE CAUTIOUSLY OR STAY OUT FOR THE DAY
View : Bullish for the day unless we fall below 16550 (stop loss level) upper side its possible to test resistance line at 16685 above which the flood gates will be open for 16800+ levels for fresh upside.
Trade Set Up: If you get opportunity to buy then look for entering LONG in market around buyers zone with strict Stop loss at 16550 levels (or as per your risk profile if you want it somewhat lower).
If market opens above Resistance zone then look to enter on any pullback (with Deeper Stop loss or Positional Trade Stop loss at 16550 )only for Long Trades.
Short sells must be avoided for the day .
Do Comment , share and "LIKE" if you find this info valuable to use .
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
