#NIFTY50 - Stay on sideways till clear view
#NIFTY50;
1. Holded last week fall, creating a corrective sequence and bouncing from equal legs.
2. However as far as last week holds, we can see a test of major hurdle areas.
3. Better to stay side ways and wait for breakout on upside, and if it happens then go long
4. On last Friday low if it breaks, still it can do a corrective leg not breaking the major support lows.
Better to stay side ways & wait for more clear moves. Keep following for more techincal ideas.
Will come up with a post shortly.
#BANKNIFTY is still a better candidate for buy considering the correction percentages.
1. Holded last week fall, creating a corrective sequence and bouncing from equal legs.
2. However as far as last week holds, we can see a test of major hurdle areas.
3. Better to stay side ways and wait for breakout on upside, and if it happens then go long
4. On last Friday low if it breaks, still it can do a corrective leg not breaking the major support lows.
Better to stay side ways & wait for more clear moves. Keep following for more techincal ideas.
Will come up with a post shortly.
#BANKNIFTY is still a better candidate for buy considering the correction percentages.
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.