SUMMARY:- *index had excess longs in the system *they were taken to cleaners today *market oversold due to expiry and shakeout move *17630-17580 was previously acted as strong resistance for market *classic case of resistance turned support *trade with strict stoploss *its my personal view and market has yet given any sign of reversal *may later adjust trade to feb contract
NIFTY JAN FUT BUY@17720 STOP@17580 TARGET@17920-18050-18170
NOTE *once in profit and first target is achieved *trail your trade to short price so it becomes no profit no loss trade *do not overtrade *for more index and stock updates check the link in the signature box below *longs are active already check out the channel link *early analysis through link channel 👇👇👇👇👇👇👇👇👇
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.