📊 Nifty Analysis Update 📊
Trading Strategy: Sell on Rise 📉
Following up on our previous analysis, the Nifty continues to be in a "sell on rise" mode. Here's the updated strategy:
📉 Selling Below Previous Day Low: Our strategy remains to sell Nifty below the previous day's low. This approach can help traders catch potential downward momentum.
📈 Intraday Target: For intraday traders, the initial target is set at 19,191. This level could act as a key support-turned-resistance point.
📉 Major Correction Targets: In the broader context, we have identified two major correction targets:
- 19,000: A critical psychological level and potential support.
- 19,985: A significant level to watch for possible reversals or extended moves.
📈 Chart Analysis: Please refer to the chart for specific levels and trend lines to assist in your trading decisions.
As always, remember that trading involves risk, and it's important to use appropriate risk management strategies. Market conditions can change rapidly, so stay updated and adapt your strategy accordingly.
Keep a close eye on Nifty's movements as we approach these key levels. Happy trading!
Trading Strategy: Sell on Rise 📉
Following up on our previous analysis, the Nifty continues to be in a "sell on rise" mode. Here's the updated strategy:
📉 Selling Below Previous Day Low: Our strategy remains to sell Nifty below the previous day's low. This approach can help traders catch potential downward momentum.
📈 Intraday Target: For intraday traders, the initial target is set at 19,191. This level could act as a key support-turned-resistance point.
📉 Major Correction Targets: In the broader context, we have identified two major correction targets:
- 19,000: A critical psychological level and potential support.
- 19,985: A significant level to watch for possible reversals or extended moves.
📈 Chart Analysis: Please refer to the chart for specific levels and trend lines to assist in your trading decisions.
As always, remember that trading involves risk, and it's important to use appropriate risk management strategies. Market conditions can change rapidly, so stay updated and adapt your strategy accordingly.
Keep a close eye on Nifty's movements as we approach these key levels. Happy trading!