johntradingwick

NIFTY FUTURES - DON'T SHORT THE MARKET YET!

NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
  • Nifty has shown good performance in the last 3 days, recovering almost 700+ points.
  • There is an unfilled gap at 15042-14990.
  • You can BUY above 15430 or on the rebound from the trendline.
  • If you are an amateur, try NOT to short the index at the moment. We are still in a highly Bullish market. Hence, Shorts will get squeezed badly.
  • Use appropriate quantity and risk-reward ratio.
  • Always use a stop loss.
  • Always risk a maximum of 1-2% of your capital.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView

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