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.
16 years ago
No comments:
Post a Comment