NIFTY might see profit booking.
With current up move being strong, the chart patter is showing a strong possibility of profit booking in NIfty.
We might see a drop of 50-60 points from current level of 11910.
Be careful with longs. The medium term outlook is still long.
We might see a drop of 50-60 points from current level of 11910.
Be careful with longs. The medium term outlook is still long.
Note
11910 to 11870 - 40 points. Book partially and update Stop Loss on balance positions.Trade active
Current level at 11885 is good place to short NIFTY too. Stop loss should be above 31 Oct High on spot price basis.
Trade closed manually
Trade closed with trailing stop loss being reached.
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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.
Disclaimer
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.