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 :- 09.05. 2021                                 NIFTY SPOT : 14823.15

                                                                                                         

Hi Readers

 

Nifty tried to come down and made a low of 14465 but then rebounded and closed at 14823.

Not giving respect to our sell trade view.

Thus the positions should have been exited latest by the end of the week at 14823.

Rare phenomenon that Nifty moving different to the view mentioned.

 

Now what :-

Now since the Nifty is moving up. Thus it is better to either step aside and sit on sidelines.

Professional traders can look for small buying possibilities for that they should keep in mind the level of 14643 in mind below this Nifty is weak.

 

The down move as was mentioned in my previous blog is postponed by Nifty but the worry for Nifty is that when it will come back again it might be with double force.

 

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

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