Nifty made high near 26300 in Jan and low near 22200 in March.
Price is at 23900 levels now. the zone 24000 to 24500 is crucial to break. It is likely to remain choppy also because of geo-political tensions.
However, good earnings may hold it for another attempt towards 25900 levels.
The increase in crude oil prices will likely be seen in July qtr results as all companies are undergoing margin pressure due to increase in crude oil. Hence it is better to use sell on rise strategy for this year atleast on Nifty.
Price is at 23900 levels now. the zone 24000 to 24500 is crucial to break. It is likely to remain choppy also because of geo-political tensions.
However, good earnings may hold it for another attempt towards 25900 levels.
The increase in crude oil prices will likely be seen in July qtr results as all companies are undergoing margin pressure due to increase in crude oil. Hence it is better to use sell on rise strategy for this year atleast on Nifty.
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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.
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.