Nifty Institutional levels | Intraday 30-May-2024 | 9:15 ISTDisclaimer:-
The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of the individual. We strongly recommend consulting with a qualified financial advisor or professional before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we disclaim any liability for any loss or damage arising from reliance on the information provided. Users are solely responsible for their own investment decisions and actions and off course we are not SEBI registered.
NIFTY1! trade ideas
Further correction likelyNifty traded in the daily fair value gap and taking resistance at the mid of the long term upward channel yesterday. There are 2 scenarios that could play out. The unlikely of the 2 is it breaks the resistance trend line and move up towards the top of the channel. The second more likely scenario is that it could test the bottom of the fair value gap OR even come lower to test the order block below that. 22600 or 22500 could be likely in this case.
Safe traders might withdraw their money form the market and wait for election results. This could trigger a deeper retracement.
DayTrading Nifty-Sold Below 23050,Bought Above Day high 27th MayBelow mentioned points are discussed in my post analysis video(Fast forward to 0:41 for Hindi Audio)
-No Trades in the morning
-Poor Volumes in nifty before 10
-Sold Below 23050,Bought Above Day high!
-How will i trade when market opens tom