Nifty might open flat today , current data of SGX suggest that , nifty stopped making higher high formtion , so 16685 is important level to be looked , if this level is broken then we might see good fall to 16600/16500/16400
to move up nifty needed to break 16930( yesterday high) then we have room till 17050
Best trades for today
below 16685 - this trade based on movementum
if nifty trading at 17050 , short from there , this trade is based on current sentiment and best RR
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.