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Nifty Today - 25th May
➡️ Sgx nifty indicating a open around the intraday point of control of 16180
➡️ Momentum seems to have shifted in favour of the bears
➡️ Intraday charts indicate the nifty remains in the range of 16390 to 15850
➡️ 15675 acting as the value zone / last line of defence for the bulls
➡️ The key index to track would be the India vix
➡️ The 30 ma indicating the nifty remains range bound
➡️ Idea is to test a fade trade on a rally , a retest of the intraday poc of 16180
⚠️ Make sure to look for the formation of a bearish continuation pattern at around the intraday poc, also keep track of the market sentiment
✅ Keep your trades intraday , trade on the side of the momentum & in the direction of the overall market.
⚠️ Disclaimer
All information shared is for educational purposes only kindly do your own due diligence
Wishing my friends a fruitful and profitable trading day 👍
Cheers ☕
May 25 8:31 AM
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IDX:NIFTY 50 price when posted: 16,125.15