Quick Context: Investors may shift focus to the monthly derivatives expiry in the second half; 15700 remains crucial support for . Nifty holding lower top formation on the intraday chart indicates further correction from the current levels.
Trade Setup 6 June 2022 -
Investors may shift focus to the monthly derivatives expiry in the second half; 15700 remains crucial support for . Nifty holding lower top formation on the intraday chart indicates further correction from the current levels. Quant indicators, higher Dollar index point to risk-reward being weak on the long side for .
Important details found
- Investors may shift focus to the monthly derivatives expiry in the second half; 15700 remains crucial support for .
- Nifty holding lower top formation on the intraday chart indicates further correction from the current levels.
- Quant indicators, higher Dollar index point to risk-reward being weak on the long side for .
- While quant indicators point to a bounceback opportunity, risk-reward remains in balance.
- Bulls hopeful as long as remains above the sacrosanct support of 16500–16400.
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