Nifty achieved the 20710 level with ease but ahead of anticipated time - Tradebulls Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
Nifty achieved the 20710 level with ease but ahead of anticipated time. The current momentum could see a temporary pause in case the index slips below 20450 level from here on. The index displayed a long-legged candlestick formation away from its 5 DEMA support zone of 20280 which is warranting caution for leverage longs. With its daily RSI at 81 & ADX now around 44 both the trend strength indicators have entered their caution zone. The ongoing rally is expected to extend its gains towards 21040 eventually during the December series but a time & price correction before the same cannot be ruled out. Hence it is advised to reduce existing leverage longs or trail stop higher below 20430.
Please refer disclaimer at https://www.tradebulls.in/disclaimer
SEBI Registration number is INZ000171838
Tag News
Daily Market Analysis : Markets remained volatile on the monthly expiry day and ended nearly...
More News
Market is expected to open on a positive note and likely to witness range bound move during ...
