Quick Context: Markets largely echoing global stock markets' optimism amidst oversold conditions. Bulls hopeful as long as remains above the sacrosanct support of 16500–16400.
Trade Setup 8 June 2022 -
Markets largely echoing global stock markets' optimism amidst oversold conditions. Bulls hopeful as long as remains above the sacrosanct support of 16500–16400. Nifty likely to consolidate for now, large moves to depend on global action.
Important details found
- Markets largely echoing global stock markets' optimism amidst oversold conditions.
- Bulls hopeful as long as remains above the sacrosanct support of 16500–16400.
- Nifty likely to consolidate for now, large moves to depend on global action.
- It's likely that consolidates, but individual stocks may show large action.
- Risk-reward still not in favour of longs in banks; all eyes on MPC verdict.
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