Abhijit_Paul

Nifty InstaView 24 Feb’21: Full on Drama

NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Nifty View: An eventful day for the Indian Equity markets with the data outage from NSE - the largest exchange in the world in terms of derivatives volumes. In terms of price, the index managed a bounce back to post a close just a tease below the psychological 15k mark. There was a freak trade at 15,524 which we will not pay much importance to going ahead in our analysis. The short term trend is still down and only a confirmed close above 15K will bring back some sentimental confidence. Considering the price volatility and exchange related drama it is advisable to stay cautious and trade smaller bet sizes till we settle in terms of the underlying trend and excitement. Short term resistances to watch out for is at (15,050-15,150).

Thank you for following my work and please feel free to share your thoughts and suggestions.

Trade Well. Trade Wise.

Comments

Thanks for sharing your thoughts and knowledge and enriching ours.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out