Nifty 50 IndexShort
Nifty Direction
Nifty as seen has broken the channel it followed for last 2 months , below 20EMA , MACD -ve , FII figure mostly negative from beginning of Aug 2023 - enough evidence for its weakness. Immediate support for Intraday ranges between 19300 - 19240 . Going long is not advisable till Nifty crosses 19650 zone. Mostly we are going to see Gap Down opening.
Intraday traders should wait ( given tomorrow is a holiday ) and try to short or buy put when nifty retraces checking the mood of market through advance - decline ratio.
Intraday traders should wait ( given tomorrow is a holiday ) and try to short or buy put when nifty retraces checking the mood of market through advance - decline ratio.
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.