Hello All!!
I am back with totally different opinion on Nifty Futures, I had checked with Media and some published articles, most of all are Bearish On Nifty for coming day!!
But I don't think so.......
Today on 04-04-2025, Nifty is negative by more than -1.5%.
I think it is very right time to buy Nifty!!
Nifty futures CMP:22950.00
Nifty has beached its valuable support at 23,270.00
Now, Nifty's next big support is at 22,930.00
RSI is just above it's 40 Mark level!!
If RSI manages to hold that 40 Mark level, Nifty is going to switch it's direction and start moving upwards.
Simple terms: Risk to Reward ratio is most favorable at current market price.
So, if Nifty holds 22,930.00 level and RSI holds it's 40 Mark level, Bulls are back in market.
Target: 24,000.00 with in this month.
Stoploss: Mange as per your risk tolerance capacity.
Let's hope for the best!!
Be cautious, Market is teaching us something which is not so often!!
Note: This is just my attempt to Analyze Nifty chart, I don't recommend any one to trade or invest based on this study. This is just of educational purpose.
I am back with totally different opinion on Nifty Futures, I had checked with Media and some published articles, most of all are Bearish On Nifty for coming day!!
But I don't think so.......
Today on 04-04-2025, Nifty is negative by more than -1.5%.
I think it is very right time to buy Nifty!!
Nifty futures CMP:22950.00
Nifty has beached its valuable support at 23,270.00
Now, Nifty's next big support is at 22,930.00
RSI is just above it's 40 Mark level!!
If RSI manages to hold that 40 Mark level, Nifty is going to switch it's direction and start moving upwards.
Simple terms: Risk to Reward ratio is most favorable at current market price.
So, if Nifty holds 22,930.00 level and RSI holds it's 40 Mark level, Bulls are back in market.
Target: 24,000.00 with in this month.
Stoploss: Mange as per your risk tolerance capacity.
Let's hope for the best!!
Be cautious, Market is teaching us something which is not so often!!
Note: This is just my attempt to Analyze Nifty chart, I don't recommend any one to trade or invest based on this study. This is just of educational purpose.
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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.