NIFTY SPOT MADE STAR: WILL AGAIN FACE CORRECTION ?
The Nifty spot closed at5418 with normal volume. This time nifty spot made a star from the higher levels. Below nifty spot, there is a trendline support which was already indicated as 5397 and on the other hand, lower indicators are trying to make correction trend i.e. downward. This time, intraday trades are not advised to make a new position in nifty future. If there is a long position in nifty future, maintain stoploss at 5397/5374. This is fair movement about moving above daily important moving averages. Next trading session's movement will be basically on global market and upcoming news and rumors. So, Kindly be cautious about making new positions.
Happy Trading !!
Megha Investments & Research Team
