Note : The contents of the blog are personal views of the writer only for educational purpose on Index. Consult your Financial Advisor before taking and Trade.

 

 

Dated :- 02.05. 2021                                 NIFTY SPOT : 14631.1

                                                                                                         

Hi Readers

 

As mentioned in my previous blog that Nifty may give a short covering and the first 3 days are best time for short covering.

And if it starts than go and get into that. The short covering gave a decent playable movement.

And Simultaneously we maintained that overall Nifty is sell on rise.

 

Now what :-

 

Since the short covering lasted for 3 days as was mentioned . The next movement is expected to be in the overall direction of trade i.e. down.

 

Keep playing the sell trade on sell on rise Nifty.

Targets on lowers side are open.

 

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

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