Nifty 50 IndexUpdated

Nifty what’s our view

Nifty 17624 - we expect 17640 will be the the trend decider. If unable to cross this, we shall expect 17430.
Note
Last 3 days trading suggests nifty closing below 17640. So more possibility to test 17430
Note
Trade entered : Nifty 04 May 17650 PE @ 115 at 10:15
Note
Trade entered : Nifty 17800 PE at 104 at 11:55
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Reason for trade: Resistance at 17777 and day signals diverged.
Note
Trade entered : 17850 PE of nifty 04 may @ 89 at 10:04
Reason- nifty at resistance
Note
Risk:reward = 2:1
Note
Reason for trade entering
snapshot

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