Verdict:
Sideways until get a nice breakout of level 19750.
Plan of action:
Play Neutral trade until Breakout. after breakout add CE.
as we discussed in our last posts that NIFTY might be taking support from this level.
But will not go direct bullish from here as 200 EMA, VWAP is acting as high resistance zone for nifty.
For tomorrow it seems to have a sideways moment
Reasons:
Verdict:
Sideways until get a nice breakout of level 19750.
Plan of action:
Play Neutral trade until Breakout. after breakout add CE.
Disclaimer:
The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.
Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.
The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.
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