Nifty50 in negative zone : Be cautiousHello Friends,
After analyzing the long-term chart of the Nifty50 Index, I believe it has entered a negative zone. Therefore, I advise caution before taking long positions. It is wise to avoid speculation and naked derivative positions. If you decide to trade, please do so with strict stop-loss orders; otherwise, it may be best to refrain from initiating fresh positions.
I believe the Nifty50 has strong support at 22000 levels. However, any entry at those levels should depend on market movement and sentiment at that time.
It is important to note that this is not the time to book losses or exit in a panic, nor to re-enter at 22000 levels. I recommend holding existing positions and staying patient.
These are merely my observations regarding the market, and readers may have differing opinions.
