Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10294 level.
Weekly :- Technically week trend is "Sideways",with price stying below WHEma 10361 level.
Month :- Technically month trend is "Sideways", with price staying below MHEma 10580 level.
When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10230-25 levels till than hold their long positions & they can book profit in partially position @ 10370-75 levels.
Today's Strategy :- "Buy on Dips"
Note- its my personal view.
Day :- Technically day trend is "Up", with price staying above DHEma 10294 level.
Weekly :- Technically week trend is "Sideways",with price stying below WHEma 10361 level.
Month :- Technically month trend is "Sideways", with price staying below MHEma 10580 level.
When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10230-25 levels till than hold their long positions & they can book profit in partially position @ 10370-75 levels.
Today's Strategy :- "Buy on Dips"
Note- its my personal view.