Quick Summary: Nifty holding lower top formation on the intraday chart indicates further correction from the current levels. Gap area in at 16500-16370 will now be seen as immediate support for the index.
Trade Setup 23 May 2022 -
Nifty holding lower top formation on the intraday chart indicates further correction from the current levels. Gap area in at 16500-16370 will now be seen as immediate support for the index. Above average valuation and rising dollar index acting as near-term headwinds.
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- Nifty holding lower top formation on the intraday chart indicates further correction from the current levels.
- Gap area in at 16500-16370 will now be seen as immediate support for the index.
- Above average valuation and rising dollar index acting as near-term headwinds.
- Using rebounds to create shorts seems to be the favoured template for .
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