NIFTY50 recently retreated from its record peak of 20,300, experiencing a 700 point drop over the past few days. Currently, it hovers around 19,650, which marks the 50% Fibonacci level.
Signs of a potential pause in the selling pressure are emerging. Traders with a higher risk tolerance might consider re-entering long positions at this point, but it's crucial to exercise caution and implement appropriate stop-loss measures.
Signs of a potential pause in the selling pressure are emerging. Traders with a higher risk tolerance might consider re-entering long positions at this point, but it's crucial to exercise caution and implement appropriate stop-loss measures.
Trade active
Reversal confirmed. LONG Trade ActiveTrade closed manually
Negative global market sentiments.
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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.