Nifty Trade Analysis. what to expect from here . (BUY or Sell)
Hey Everyone , In this Post I would we will Talk about Nifty.
As you can Already see Nifty is in Overall Uptrend in Daily Time Frame.
But please consider short term time frame as well if you are Day Trader or Scalper.
in Shorter Term timeframe Nifty is in Downtrend .
If you are Trend Following Trader then You would definitely looking for buy . But don't buy at this Level.
Look out for crucial support where you will buy to ride the Trend . According to me 19310 is the level where you'll accumulate your position.
If you are Day Trader then 19632 is the Resistance Level for you Guys and trade within these Level Accordingly.
*If Nifty wants to continue it's rally then a Nice correction Indeed required.
Disclaimer : Trades and views for Education Purpose only. Consult your finance advisor before taking any Decision.
As you can Already see Nifty is in Overall Uptrend in Daily Time Frame.
But please consider short term time frame as well if you are Day Trader or Scalper.
in Shorter Term timeframe Nifty is in Downtrend .
If you are Trend Following Trader then You would definitely looking for buy . But don't buy at this Level.
Look out for crucial support where you will buy to ride the Trend . According to me 19310 is the level where you'll accumulate your position.
If you are Day Trader then 19632 is the Resistance Level for you Guys and trade within these Level Accordingly.
*If Nifty wants to continue it's rally then a Nice correction Indeed required.
Disclaimer : Trades and views for Education Purpose only. Consult your finance advisor before taking any Decision.
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