NIFTY - Analysis
NIFTY - Analysis
"When the US sneezes, the world catches a cold"
Such will be the fate of Indian Indices.
We will typically follow the US sell off, however, when the recovery starts, NIFTY will make a fresh ATH, up till 19200 levels.
As of now, investors should maintain 2 "Buy on dips" levels -
1. 17193
2. 16793
Traders should follow a "Sell on rise" strategy.
The encircled gaps might get filled, incase USD/INR slips further.
"When the US sneezes, the world catches a cold"
Such will be the fate of Indian Indices.
We will typically follow the US sell off, however, when the recovery starts, NIFTY will make a fresh ATH, up till 19200 levels.
As of now, investors should maintain 2 "Buy on dips" levels -
1. 17193
2. 16793
Traders should follow a "Sell on rise" strategy.
The encircled gaps might get filled, incase USD/INR slips further.
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