Technical View on:Nifty,SBI and HUL
Nifty Hourly
Nifty kept on its momentum build on Friday and rose another 1 % today.
On Hourly chart Resistances are @ 5565 and Mother of All Resistance 5610.
Indicators should only be used for trade confirmation .
As you can see in Hourly charts all indicators are in overbought zone and it does not imply that we need to take SHORT Trades.
Do not jump in trades based on your emotions,Enter when market gives an opportunity and wait for good Risk to Reward Ratio.
Market will not go anywhere so wait for Mr. Market …
Read the full story »
Nifty kept on its momentum build on Friday and rose another 1 % today.
On Hourly chart Resistances are @ 5565 and Mother of All Resistance 5610.
Indicators should only be used for trade confirmation .
As you can see in Hourly charts all indicators are in overbought zone and it does not imply that we need to take SHORT Trades.
Do not jump in trades based on your emotions,Enter when market gives an opportunity and wait for good Risk to Reward Ratio.
Market will not go anywhere so wait for Mr. Market …
Read the full story »
posted by Bramesh at
8:10 PM
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