NIFTY RECAP
Yesterday we had written that breaking 4842 will open flood gates on the downside.
But the low of the day was 4842.30 !!!!.
NIFTY
Levels to watch for
Trading above 4890 with volumes, nifty future will move to 4915 and 4930.
If nifty future trades below yesterday low of 4842.30, bears will come into play and nifty will move to 4828.
With budget scheduled for tomorrow, it is highly likely that we will trade in a narrow range for this expiry.
Most of this month, we have only traded in nifty and bank nifty and gold.
There have been very few recommended swing trades in stocks. We have stayed away from stocks as most stocks are not trending.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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