Closing Range - 19008/19235. Extended range - 18926/19317.
The only data point favouring an up market is that Nifty is around oversold levels. Every other data point leads to a further possible down move. Nifty has formed a downtrending channel. Nifty filled the 1st gap at 19190 & is likely to fill the next gap at 19000 soon before moving to further down towards 18875/18820 zone. Brent & bullion cooleed off but market seems to have discounted it.
Possible trade: Stay away till market settles or take long trade around19000 level with a SL giving a risk reward ratio of at least 1:2.
P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
The only data point favouring an up market is that Nifty is around oversold levels. Every other data point leads to a further possible down move. Nifty has formed a downtrending channel. Nifty filled the 1st gap at 19190 & is likely to fill the next gap at 19000 soon before moving to further down towards 18875/18820 zone. Brent & bullion cooleed off but market seems to have discounted it.
Possible trade: Stay away till market settles or take long trade around19000 level with a SL giving a risk reward ratio of at least 1:2.
P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
交易結束：目標達成
Nifty reached 18875/18820 zone as mentioned above.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。