nifty
trendline support at 10160-10180 level
if that breaks then we have major support at 9950-10000 level, as per dow theory that was last bottom.
10_15% correction is always welcomed in a bull market
my view is still positive , we r ahead of very big bull move.
for investing-
I would recommend start accumulating nifty bees from 10200(spot price) levels (one might not get this type of opportunity again)
on trading front-
buy near 10200 sl 10150(strict sl) for a bounce till 10476
if in any case nifty comes near 10000 level - buy with 9940 sl for a strong bounce
if that breaks then we have major support at 9950-10000 level, as per dow theory that was last bottom.
10_15% correction is always welcomed in a bull market
my view is still positive , we r ahead of very big bull move.
for investing-
I would recommend start accumulating nifty bees from 10200(spot price) levels (one might not get this type of opportunity again)
on trading front-
buy near 10200 sl 10150(strict sl) for a bounce till 10476
if in any case nifty comes near 10000 level - buy with 9940 sl for a strong bounce
Note
Note
nifty made a low of 10200 a good level to go longlong nifty with sl 10150
Note
sl revised to 10300 cmp 10375Note
Note
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.