Nifty Target 8590, Stop loss 8700
Prasanna Danda
![Prasanna Danda]()
Prasanna Danda
Assistant Vice President @ SmartStream Technologies | Client Engagement and Onboarding
Nifty is moving sideways for the last seven trading days.
Its is currently in Bull Run second Phase.
Like everyone look to take long position at this phase, Nifty should at least show some upward movement which it failed to show.
It is struggling to cross 8675-8700 and candlestick patterns are adding strength that Nifty may correct in coming days.
I believe Nifty target for this week would be 8590
Keep a stop loss of 8700 and go short on Nifty.
App Lead, Business Analyst, SAFe Certified
8 年Looking into the open Interest on Nifty, i think Nifty is moving to a life time high,i might be wrong, but just a thought...