Nifty medium term view
Nifty CMP 9872
Observations
- initial down trend from 10137 to 9685 levels
- Nifty has gone in to consolidation there after
Nifty has to break 9800 decisively to give confirmation of continuation of down trend
Target for the pattern 9380-9360 zone
Stop can be placed at 9930
Risk::Reward ratio is 1::8
This is a positional view and not a day trade view
Do review your trading plan
& plan your trade accordingly...!!!
Take care & safe trading...!!!
Observations
- initial down trend from 10137 to 9685 levels
- Nifty has gone in to consolidation there after
Nifty has to break 9800 decisively to give confirmation of continuation of down trend
Target for the pattern 9380-9360 zone
Stop can be placed at 9930
Risk::Reward ratio is 1::8
This is a positional view and not a day trade view
Do review your trading plan
& plan your trade accordingly...!!!
Take care & safe trading...!!!
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