NFA
Nifty View for 7 May 2021Analyzing the trends and levels, there are 3 possible scenarios considering we are in a bull run.
Green: Gap Down Opening (Marked Buy and Target Levels with Proper SL)
Red: Gap up Opening(NO trade )
Blue: Flat opening(Marked Buy and Target levels with proper SL).
Kindly do your own research . NFA
Irfc Short term holdIRFC looking good on daily timeframe, if w manage to hold the mentioned level i.e 23.15, we can also buy at red markers once it starts to move up after testing the marked level
Short term target can be up to life time high which is 26.7.
Hold Duration 2-2.5 months
Entry Price -23.15-23.40
SL- 22.5
TP-26.7
ROI~15%