Market Bullish NIFTY 50 Ready to Set New Record High.Greetings everyone,
I think that either the NIFTY50 or the entire market is entering a Bullish trend. Starting from today or possibly in the upcoming week, it seems likely that the market will commence a UP ward direction. This projection is based on two potential factors:
-> Today Imp Resistance level 21517 Crossed.
-> We have strong Support in 21250 and it was our reversal trend.
-> Today Bullish Marubozu Candle
Key Levels:
Entry Range: 21700-800
Stop Loss: 21517
Target 1: 21900 ( Probably achieved tomorrow)
Target 2: 22000
Target 3: 22378 & 22654
Strategies to Consider:
For those involved in options trading: Consider a small hedging strategy.
For those engaged in futures trading: Implement a strict stop-loss strategy.
Important Note: Make risk decisions in line with your available capital. It is strongly advised to refrain from trading with borrowed funds or your entire savings, drawing from personal experiences.
