Nifty Today - 26th May
➡️ sgx nifty indicating an open around levels of the intraday point of control
➡️ The nifty remains in a down trend🔻
➡️ The nifty has been trading in the range of 16390 - 15850
➡️ Levels of 15675 acting as the last line of defence for the bulls ( value zone )
🧠 Idea is test a fade trade on the formation of a bearish continuation pattern on a retest around the levels of the intraday poc of 16180 or around the support levels of 15850.
🔑 The key index to track is the vix, make sure to keep a check on the market sentiment before initiating any trade.
➡️ Keep your trades intraday, follow the momentum & dont chase the market.
⚠️ Disclaimer
Information shared is for educational purposes only kindly do your own due diligence before
😃 wishing my friends a fruitful and profitable trading day
Cheers ☕