Insights

Nifty Update June 25

June 25, 2013 . FundsIndia Desk

Here is a quick Nifty update. Have a look at the 15-minute chart of the Nifty featured below. Notice how price reversed at the prior gap and has also fallen below the minor swing low.

Nifty 15m

As highlighted in the chart, any pull back now would present a low risk trading opportunity with a tight stop loss. Trade safe and Don’t Get Hurt. Please don’t chase price, if the preferred trade set-up does not materialise. It would make sense to step aside and await the next opportunity.

 

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