Market is in downtrend as we all know and quite volatile also from last couple of months. Reason we all know like, rising inflation, rate hikes, Russia Ukraine war etc.
In such a market one needs to be extra cautious while trading. Always trade at levels with proper SL. For nifty 15400 to 15500 is a resistance zone and 15200 is the support. Till the time market is in this range one can trade with the strategy of sell on rise and buy on dips.
Rest of the levels are marked on the chart.
Thank you
In such a market one needs to be extra cautious while trading. Always trade at levels with proper SL. For nifty 15400 to 15500 is a resistance zone and 15200 is the support. Till the time market is in this range one can trade with the strategy of sell on rise and buy on dips.
Rest of the levels are marked on the chart.
Thank you