Closing Range - 19677/19910. Extended range 1 -19592/19995, Extended range 2 -19477/20110
Nifty closed in Red with a Spinning Top candle with low volumes. Maybe traders were not in a mood to take bets before the long weekend. Also, Nifty has given close below the upwards trending channel. This info clubbed with Options data indicate Nifty may slide low in coming days. That said, news based events can push Nifty back in the channel.
Posible trade: Avoid taking trades till Nifty gives a clear directional sense. Positional trades will yield beter profits over intraday.
P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
Nifty closed in Red with a Spinning Top candle with low volumes. Maybe traders were not in a mood to take bets before the long weekend. Also, Nifty has given close below the upwards trending channel. This info clubbed with Options data indicate Nifty may slide low in coming days. That said, news based events can push Nifty back in the channel.
Posible trade: Avoid taking trades till Nifty gives a clear directional sense. Positional trades will yield beter profits over intraday.
P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
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。
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。