Nifty strategy for today

Wait 5 sec.

Nifty strategy for todayNifty 50 IndexNSE_DLY:NIFTYviswanath_ktcNifty may open on gap up note as per sgx nifty around at 22530 levels in today session due to U.S bond yields tumbled,crudeoil prices are stable and also hopes on gst slabs are reduced by govt of India. In the last week nifty tumbled 3.08% as well as its declined more than 6% in the last Sep month which are showing weakness in the nifty. I am expecting nifty may face resistance at higher levels until upto closed above 22600 levels on daily charts once nifty closed above 22600 it can move upto 23100 levels but as per advance decline ration it can't possible in the current scenario. all eyes on Rbi policy meet which is hold from today and outcome will deliver on wednesday from this meeting majority of analysts are expecting 0.25% hiked in Repo rate which are negative for Real estate, Automobile and banking sectors. Nifty buying strategy : Buy price :22160 stop loss : 22050 target : 22500 Nifty selling strategy : sell price : 22560 Disclaimer : I am not a SEBI Research Analyst please take advise from your financial advisor before take position based on my recommendation. Thanking for your support if liked my content please suggest to your friends to follow my channel Please drop a comment on whether my recommendation is useful and correct my mistakes stop loss : 22640 target : 22300