Buying Opportunity in NIFTY50 ETFs
Nippon India ETF Nifty Bees is in a downtrend for a long time
It has broken the important support level of 264.
It has corrected 10% from the peak value of 294.
Important support levels: 257, 251, 242, 235
How to trade NIFTYBEES?
Buy 25% of the total investment at the current level.
Buy another 25% if the Nifty slides further and settles on the next support level 251.
The remaining buying should happen on the subsequent support levels.
The target may be 30 points (294 level).
It has broken the important support level of 264.
It has corrected 10% from the peak value of 294.
Important support levels: 257, 251, 242, 235
How to trade NIFTYBEES?
Buy 25% of the total investment at the current level.
Buy another 25% if the Nifty slides further and settles on the next support level 251.
The remaining buying should happen on the subsequent support levels.
The target may be 30 points (294 level).
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