#Nifty50 trade setup for the week. (3rd to 7th June24)
The Nifty50 is looking bearish and although the overall sentiment is looking towards the outcome of the elections, any movement has to looked at very closely. As per my analysis if the Nifty50 moves between 22,683 on the upside and 22,390 on the downside, I would advice traders to not enter the market.
Wait until the upside or the downside levels are breached and then enter. I would also suggest traders to stay away from trading on the 3rd and 4th of June due to increased volatility because of the election results.
Stay green, happy trading.
The Nifty50 is looking bearish and although the overall sentiment is looking towards the outcome of the elections, any movement has to looked at very closely. As per my analysis if the Nifty50 moves between 22,683 on the upside and 22,390 on the downside, I would advice traders to not enter the market.
Wait until the upside or the downside levels are breached and then enter. I would also suggest traders to stay away from trading on the 3rd and 4th of June due to increased volatility because of the election results.
Stay green, happy trading.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.