Nifty: Near resistance zone
Nifty
In my last update had mentioned that above 19482 we could see a Short covering rally.
From 19482 to 19689... Nifty has seen a good 200 point plus movement.
With result calendar set to begin from tomorrow, watch our for the Support and Resistance zone marked in the chart.
Any further uptick from here on, Risk::Reward ratio might not be favorable for Bulls but could start favoring the Bears
Selling Call options may be considered.
Take care & safe trading...!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
In my last update had mentioned that above 19482 we could see a Short covering rally.
From 19482 to 19689... Nifty has seen a good 200 point plus movement.
With result calendar set to begin from tomorrow, watch our for the Support and Resistance zone marked in the chart.
Any further uptick from here on, Risk::Reward ratio might not be favorable for Bulls but could start favoring the Bears
Selling Call options may be considered.
Take care & safe trading...!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Feragatname
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