Since prices are pushing up while momentum is going down. For a short term trade, if we can take a short position with a stop loss of 100 points then it could be a good bet.
Shorting @ 7920
Stoploss @ 8020
Target @ 7722
Nifty found support @ 7950. It touched 7950 and bounce back three times. Will Bihar election result impact nifty? Don't know...
Nifty made a Dogi candle on Friday with huge volumes. May be participants excepting a bounce back or it would be a trap from the operator.. Who Knows? i am NOT smart enough to know ...
Greetings to everyone!
This is my study of Nifty weekly chart. If you are planning to buy stocks for mid-term or for long term just take a look at this bench mark index.. Nifty is in clear downtrend it just need a reason to continue to get its direction.