NIFTY Analysis Semi-Long Time frame
Nifty analysis according to me. I am a beginner though my account is old so 'bear' with me and pardon if I make some mistakes.
* Price finding a little hard to cross the 19900 mark easily.
* though the rise from 19000 level was strong the steam seemed to have run off.
* expiry is nearing, so there might be a good breakout or fall coming soon.
* unless this gives a break out I wouldn't long this just yet.
* Shorting small with a stop at 20200 level seems like a good idea to me.
That's all for now, let's see how this plays out!
* Price finding a little hard to cross the 19900 mark easily.
* though the rise from 19000 level was strong the steam seemed to have run off.
* expiry is nearing, so there might be a good breakout or fall coming soon.
* unless this gives a break out I wouldn't long this just yet.
* Shorting small with a stop at 20200 level seems like a good idea to me.
That's all for now, let's see how this plays out!
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