Recently trading the index was not possible for me till now as I am not having conviction as such, based on my understanding of levels and zones which I can understand based on volume price action-based trading. So, most of my post were based on stock-based analysis.
Based on my understanding which is debatable as such, I feel it is 1st time nifty 50 has attempted to give me some clues about its trading style after a while.
Now, as of today's price action is concerned, I know surely nifty 50 has attempted to be more generous to me and that is why I am posting my drawing and with no views as such.
But it is important for the formation of the views and to communicate with the chart, this is a genuine attempt to calibrate the future movement of the script or indices.
Based on my understanding which is debatable as such, I feel it is 1st time nifty 50 has attempted to give me some clues about its trading style after a while.
Now, as of today's price action is concerned, I know surely nifty 50 has attempted to be more generous to me and that is why I am posting my drawing and with no views as such.
But it is important for the formation of the views and to communicate with the chart, this is a genuine attempt to calibrate the future movement of the script or indices.