Topic Brief: Nifty may move in tandem with global stocks but upside hurdle still stays around 16400. Banking off the block but I.T., metals and midcaps have short positions intact.
Trade Setup 27 June 2022 -
Nifty may move in tandem with global stocks but upside hurdle still stays around 16400. Banking off the block but I.T., metals and midcaps have short positions intact. Gap area in at 16500-16370 will now be seen as immediate support for the index.
Important details found
- Nifty may move in tandem with global stocks but upside hurdle still stays around 16400.
- Banking off the block but I.T., metals and midcaps have short positions intact.
- Gap area in at 16500-16370 will now be seen as immediate support for the index.
- It's prudent to avoid large overnight calls as we're not in a trending market.
- Watch the opening bell for the Nasdaq and the New York Stock Exchange from
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