It is now 9.50 am. India Time
SGX Nifty bid / ask are 4490/4495.
For short term trading, this is a key level.
For Traders with a SHORT TERM BEARISH VIEW OF THE MARKET
Go short if Nifty trades below 4470, SL at 4530 or 4575 depending on your risk appetite and position sizing
For Traders with a SHORT TERM BULLISH VIEW OF THE MARKET
Go long around 4490 ( nifty ) with SL 4430. If 4430 breaks, stay away until a dip is clearly visible.
Disclaimer: The above analysis is just that - my analysis. If you choose to trade on the basis of this analysis, you will be solely responsible for the outcome of the trade - profit or loss. Please keep in mind that day trading is not for the novice and there is significant risk of loss of capital in trading.
15 years ago
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