Inflation, Omicron concerns pull down Indian Indices! What Next?

2021年12月24日

Nifty has reset in its falling mode,currently it is in down trend.

QUALITY STRATEGY FOR TRADERS

Technical Overview
Nifty is creating bearish engulfing candle

Short nifty at CMP 17050
TGT 16800-16650-16400
Stop Loss 17300

SHOULD YOU INVEST?
Enter gradually near 16500, raise exposure once it crosses resistance of 17700. Nifty may give some immidiate correction but during Jan end Budget rally is expected.

Fundamental Overview
Rising Inflation
Rupee Depriciation
Omicron concerns


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We are still trading in the range between 17300 and 16400.
Any lower or upper breakdown will decide its direction again.

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Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis.

Follow the rules, be patient and stock market will definitely reward you...

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Take care, trade safe !!!
Regards
Team Moneymarine