NIFTY
Important Levels for 29-10-2021.
We witnessed huge selling and that too with volumes resulting in the index falling about 2%.
After such a big fall, we can expect the market to give a pull back and if we see -ve price action we can short again for targets of 17800,17770 and 17670.
Aggressive traders can take short positions at 18930-18950 if we open with a small gap up, else we wait for day to develop before jumping in.
Market looks weak but it will be better to stay light and see the follow up after such a big fall.
We witnessed huge selling and that too with volumes resulting in the index falling about 2%.
After such a big fall, we can expect the market to give a pull back and if we see -ve price action we can short again for targets of 17800,17770 and 17670.
Aggressive traders can take short positions at 18930-18950 if we open with a small gap up, else we wait for day to develop before jumping in.
Market looks weak but it will be better to stay light and see the follow up after such a big fall.
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