NIFTY50 - Weekly Index Analysis - 9th July #nifty50

NIFTY50 Update (as on 9th July, 2024)
- Here's an updated analysis on a Weekly Time Frame

- As mentioned, if the Nifty rises above these levels; then keep booking your profits in time. Holding your capital is better than holding onto an unnecessary extended loss
- Since Nifty is at a psychological level we need to start being extremely cautious and mindful about our portfolio holdings
- As always, please keep your SL in play for new positions and for exisiting positions keep your TSL tight
- If there is a correction that happens and you'll are sitting on capital, then choose your swing trades wisely at supports zones and position size mindfully

- And always remember that corrections are good and should be welcomed for bigger growth and stronger upward moves
- India's Growth story will still be on track

* Disclaimer

Become Emotionless & Trade Ryte

#nifty50 #weeklyanalysis