NIFTY VIEW FOR 06-08-2024
If Markets are being influenced by News, analysing market's next move becomes tough. only relief we will have are, our Support/Resistance Levels. if we Follow proper Risk to reward and Stoploss, we can make money in any situation. Following 1:2 strictly can only save us from surprise moves.
Nobody would have expected this much gapdown and that huge sell off. Nifty is very weak right now. i am expecting Rangeboud for tomorrow's session if it opened flat or in the range of 23900-24200
if market breaks eitherside, we may see momentum in upcoming 1 - 2 trading sessions.
Support zones at at : 23638-23662 , 23414-23429
Resistance zones at : 24410-24425, 24505-24522
Rangebound Zone is at : 23900-24200
All the views i am sharing here are for Educational purpose only. Not a trade recommendation.
"ACCEPTING STOPLOSS IS THE SMARTNESS"
Happy Trading, Thank you.
Nobody would have expected this much gapdown and that huge sell off. Nifty is very weak right now. i am expecting Rangeboud for tomorrow's session if it opened flat or in the range of 23900-24200
if market breaks eitherside, we may see momentum in upcoming 1 - 2 trading sessions.
Support zones at at : 23638-23662 , 23414-23429
Resistance zones at : 24410-24425, 24505-24522
Rangebound Zone is at : 23900-24200
All the views i am sharing here are for Educational purpose only. Not a trade recommendation.
"ACCEPTING STOPLOSS IS THE SMARTNESS"
Happy Trading, Thank you.
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