View: A frustrating trading session for the benchmark Nifty
index as it lost all of its opening gains and face high intraday volatility
. The index seems to be at at crossroad wherein 16,500 acts as an important decider of momentum and sentiment. A break below today’s low of 16,390 will infuse fresh selling pressure, so stay cautious and try to trade less with strict risk management.
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Trade Well. Trade Wise.