Traders be cautious !! Nifty is trading below 4700 level !! we need to watch out if gives closing below 4700, if that happens 4530 would be the next level where it should find support.
But my sense is that Nifty is very much oversold now and 4650 should act as a good support for the time being(1-2days).
But my sense is that Nifty is very much oversold now and 4650 should act as a good support for the time being(1-2days).
Traders should wait for a pullback before short selling nifty. 4850 would be a good point for short selling and 4920 should be the stop loss (which is a recent high).
No comments:
Post a Comment