Over the weekend, the US launched strikes on Venezuela and captured President Nicolás Maduro, significantly raising geopolitical risk going into Monday’s session. Global markets may open with a risk‑off tone, and some amount of fear or gap‑down reaction cannot be ruled out on the indices.
For NTPC, the ₹341–342 area remains an important support zone on the chart. Rather than chasing any opening volatility, the idea is to accumulate on dips toward this band in a staggered manner, as long as price holds above it on a closing basis. Existing investors can consider continuing to hold, using this support as a reference level for risk management instead of reacting to intraday noise.
Any sustained break below this zone would invalidate the bullish setup and call for a fresh review of positions. Traders should adjust their position size to account for the higher‑than‑usual headline risk after the Venezuela development.
Disclaimer: This post is for educational and informational purposes only and is not investment, trading or financial advice. This is not a buy/sell/hold recommendation. Please do your own research and consult a SEBI‑registered financial advisor before making any investment decisions.
For NTPC, the ₹341–342 area remains an important support zone on the chart. Rather than chasing any opening volatility, the idea is to accumulate on dips toward this band in a staggered manner, as long as price holds above it on a closing basis. Existing investors can consider continuing to hold, using this support as a reference level for risk management instead of reacting to intraday noise.
Any sustained break below this zone would invalidate the bullish setup and call for a fresh review of positions. Traders should adjust their position size to account for the higher‑than‑usual headline risk after the Venezuela development.
Disclaimer: This post is for educational and informational purposes only and is not investment, trading or financial advice. This is not a buy/sell/hold recommendation. Please do your own research and consult a SEBI‑registered financial advisor before making any investment decisions.
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.