Nifty strategy for today

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Nifty strategy for todayNifty 50 IndexNSE_DLY:NIFTYviswanath_ktcNifty may open on gap down note as per sgx nifty around at 23300 levels in today session. In the last week nifty consolidated between 23600 to 23100 levels due to higher crude prices, interest rates hike around globe and higher inflation data In India these are the main hurdles for nifty to move further upside. Investors are awaiting for next Rbi policy meeting which is hold on Oct 5th and 7th of next month if Rbi holds repo rate market may reached upto 23800 levels until upto nifty consolidated between 23050 to 23600 levels in the coming sessions. Nifty buying strategy : buy price :2290 stop loss :23200 target :23400 Nifty selling strategy : sell price :23472 stop loss :23570 target :23380 stock of the day :Dixon technology it is traded around at previous support level so I am expecting some short covering and fresh buying in this stock due Q1 earnings announced in this week so traders can take positions and maintain keep stop losses which are mentioned below. Buy price : 13182 stop loss : 13040 target : 13500 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 you 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