Nifty outlook 2 Nov 2023
Closing Range - 18869/19108. Extended range 1 - 18782/19195, Extended range 2 - 18666/19311.
Nifty closing around day's low indicate that traders are expecting the downtrend to continue in the next session as well. Fed's comments on the policy decision will decide the fate of next tradnig session majorly.
Possible trade: Wait for markets to settle before taking any trades.
P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
Nifty closing around day's low indicate that traders are expecting the downtrend to continue in the next session as well. Fed's comments on the policy decision will decide the fate of next tradnig session majorly.
Possible trade: Wait for markets to settle before taking any trades.
P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
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