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SEBI Registration (Research Analyst) : INH000000743
what would be the reversal point on the downside will it be 8700 nifty to short
I will be bearish below 8500.But a short trade in futures, we will need tight stoplosses so one will be better off using 15 min charts and not EOD.
So overall what you sense here, Nifty not reacted much after the RBI rate cut.From here it will go touch 9000 or 8500 first, please share your view. Thanks.
Trend is up till it breaks 8500 on closing basis.
Will it give a chance to cover @29sep lows
Don't know... not possible to know.
If it closes above 9000,it will very difficult to sustain.Mostly it will prefer 8500 first.