Nifty 50 IndexShort
Short till 9500-9600. Long term outlook is still positive.
So as you can see Nifty is moving up in a band and the correction was due to shed off some weight.
To keep it simple if you are a long term investor, no need to worry, Nifty will take support at 9500-9600 levels. However closing Below 9500 will be worrisome.
For swing short TP would be 9500-9600.
Thanks.
To keep it simple if you are a long term investor, no need to worry, Nifty will take support at 9500-9600 levels. However closing Below 9500 will be worrisome.
For swing short TP would be 9500-9600.
Thanks.
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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.