Due to personal works, was unable to post updates on the Nifty trades. View remains same and there is no change in it until the support breaks. Do not remain long if support break. Suppose if NF goes below support level and goes above to the support level then buy again with the same stoploss.
****Read the disclaimer before you take trading decisions.
****Read the disclaimer before you take trading decisions.
Market is moving from oversold conditions. During this process, price is trading @6220 level which is above the buy price level. 6220 is resistance level. Safe players keep stop to cost price and hold. Risky players can keep the stop at initial stop price (hourly/daily closing).
ReplyDeleteNF made high of 6247. It seems this spike is due to oversold conditions and short covering aspect. Let's see whether this price movement shows real strength also. We will know only after closing. Let's wait with patience (stoploss also).
ReplyDeleteNifty made high of 6257. Safe players book partial and hold with stoploss.
ReplyDelete