Nifty trading strategy intraday as on 7 dec 2018

NIFTY TODAY ( 7 DECEMBER 2018)

Nifty if opens or trades above 10620 then it will go to 10628 levels. A crossover above 10628 will lead nifty to 10640 levels. If nifty crosses above 10640 level then can head towards 10675 level. We will update the rest during trading hours once all the levels are achieved.

 Now what if Nifty opens or starts trading below 10583 levels then??? Once Nifty breaks 10583 level, vertical fall is expected  in just few minutes or seconds. This vertical fall may slide Nifty to 10526/10520/10505 level. In case Nifty does not slide down vertically!!! Then Nifty can slide down to 10556/10536/10520/10505...If Nifty breaks this 10505 level and sustains below this for at least 15 to 20 minutes then Nifty will slide to 10479 level. Once all the levels are achieved then we will update the rest during trading hours. The market may open flat with -/+ 20 points and technically the market trend is bearish.
 We also expect Nifty to remain range-bound within 10595-10620 level due to global market situation. 

Disclaimer: This is Nifty 50 trading strategy as per  our analytical point of view and is subjected to change due to global market situation, sentiment and fundamental analysis. Investment and trading in index and equity has its own risk. This material is solely for educational purpose and the authors are not responsible for any profit or loss incurred based upon the analysis.


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