NIFTY
is too hot to handle right now. If we look at the current scenario, it is creating huge volatility, making both the bulls and bears hold their heads.
Global cues are under pressure. US market as well as European market ended in red on Friday and SGX Nifty is also showing weakness for the short term.
As per the chart, we should avoid taking any position until Nifty is in between 15680 to 15760, breaking either side may give us a good move.
In case of huge gap up or gap down opening, first let the existing players decide the direction of the market.
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Global cues are under pressure. US market as well as European market ended in red on Friday and SGX Nifty is also showing weakness for the short term.
As per the chart, we should avoid taking any position until Nifty is in between 15680 to 15760, breaking either side may give us a good move.
In case of huge gap up or gap down opening, first let the existing players decide the direction of the market.
Like, Follow & Share for new updates.
First 15 minutes plays a key role when markets opens huge gap up or gap down.