NIFTY NEXT WEEK
Suggested Trading Strategy:-
Based on the chart's current bearish momentum and the possibility of further downside, a short-selling or bearish strategy might be considered. Here are the suggested levels:
Short Position (Nifty 50 - 1D Chart)
Entry: 22,550 INR (or on a break below with confirmation)
Stop Loss: 23,000 INR
Target: 21,800 INR (next support)
Risk-Reward: ~1:1.7. Monitor for reversals above 23,000 INR.
Disclaimer: Not financial advice; consult a financial advisor.
Based on the chart's current bearish momentum and the possibility of further downside, a short-selling or bearish strategy might be considered. Here are the suggested levels:
Short Position (Nifty 50 - 1D Chart)
Entry: 22,550 INR (or on a break below with confirmation)
Stop Loss: 23,000 INR
Target: 21,800 INR (next support)
Risk-Reward: ~1:1.7. Monitor for reversals above 23,000 INR.
Disclaimer: Not financial advice; consult a financial advisor.
Disclaimer
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.
Disclaimer
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.