NIFTY50 - READY FOR A CORRECTION ?
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NIFTY50 CMP - 22754
Although NIFTY50 is trading at its ATH & making new ATH everyday but NIFTY50 is looking lil tired.
Crude at $90, High bond yields, Bullion at ATH, Weak global sentiment & Weak US markets - nothing looks in favor of bulls.
It would be interesting to see if bulls keep on buying & take NIFTY50 to 23k or is it time to be cautious and book longs & create some shorts.
Although NIFTY50 is trading at its ATH & making new ATH everyday but NIFTY50 is looking lil tired.
Crude at $90, High bond yields, Bullion at ATH, Weak global sentiment & Weak US markets - nothing looks in favor of bulls.
It would be interesting to see if bulls keep on buying & take NIFTY50 to 23k or is it time to be cautious and book longs & create some shorts.
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Warned longs at 22754250 points down in just two days from there.
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CMP 22320434 points down straight from my mentioned level!
Đóng lệnh: đạt mục tiêu
NIFTY opened at 22125 & Nifty CMP 22110645 points down straight from my mentioned level 22754 in just 3-4 days.
22000-22150 is a strong support zone for Nifty. These levels may not break easily so I think it's good time to look for buying opportunities in stocks with good fundamentals.
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