How To Trade NIFTY - 5/24/2016
Sometimes trading becomes so simple when you identify proper levels to trade against. We can't stress the importance of learning sound technical analysis more than this - our recent NIFTY trades around the same levels.
We become net short NIFTY near 8000 level, days before Fed turned hawkish. Whether Fed is going to raise rates or not is different thing but as long as bias is towards the hike, equities are going to remain on back foot. Now 7600 and 7500 is the matter of when, not if. NIFTY is sitting right on support today and as soon as it gives up, it is going to reach 7600 in no time.
In short, we remain rally seller in NIFTY targeting 7500.
We become net short NIFTY near 8000 level, days before Fed turned hawkish. Whether Fed is going to raise rates or not is different thing but as long as bias is towards the hike, equities are going to remain on back foot. Now 7600 and 7500 is the matter of when, not if. NIFTY is sitting right on support today and as soon as it gives up, it is going to reach 7600 in no time.
In short, we remain rally seller in NIFTY targeting 7500.
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。