2021-09-24 06:25:25
Good morning everyone,
Nifty 17823
Support 17700-17650
Resistance 17930-17950
As expected Nifty crosses 17800++
Trend is very positive in Index, not a single pullback in market.
Unless Nifty breaks 17630-17540 it's buy on dips market. Nifty can rally till 17950-18050-18200-18350.
Please consider this as view and not trade.
This has been surprise big time. Never seen market being so strong and stubborn.
BNF 37772
Support 37300
Resistance 38200-38500
BNF can rally upto 38100-38350-38500. BNF wide range shall be 36900-37200 on lower side
38100-38500 on higher side.
No trade zone in between 37300 to 37700.
Accenture results were too good yesterday. Growth prospect also good.
IT stocks can rally after Accenture nos. Infy looks good above 1735-1750 (breakout).
Metal shall remain in pressure today, keep watch on it.
*Change in mindset*
Since 16700 till 17500 we were short side on every rise, couldn't participate in rally. Since last 1 week we have tried to give trades both side (Long n Short) and did played well.
From here no more major positional view or biased view. All views n trades shall be based to strong data point, chart, flow etc. Using fundamentals in trading is not great idea, we loosing many opportunities.
From here more over Intraday to Short term trades.
Limited trades.
Consistency will be focus.
We are yet not comfortable much at this level to go long heavily so, best strategy is to do intraday or BTST. Buy or Sell at important support level or resistance level.
447 viewsViru 007, 03:25
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