Dear Viewers,
Nifty has not produced buy signal. More down side is on the card. Nifty may touch 2503 level and go up. Bulls may take Nifty to 2720 and above level.Nifty has huge resistance at 2750 to 2800 level.
During these period since there no trend it is always better to hedge your trade or to play with stop loss.
Resistances are:2628,2646,2664,2678,2689,2715,2745.
Supports are 2585,2553,2539,2526,2503,2485,2460.
Different hedging methods are available for the traders. This is a big subject which I will be posting in this blog.
Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.
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