Nifty: 14460 acting as Line of resistance to perfection

Nifty

In my yesterday's post I had highlighted the importance of 14460 acting as crucial resistance zone....


Nifty made a high at 14449.05 so far and reversed to give away all the gains....


Technical Analysis is all about identifying levels before hand. Waiting patiently and executing your plans when you see those levels come where risk::reward ratio is in your favor.

Any one who followed Technical Analysis and took a short at resistance levels would have been rewarded...

Spend time in learning, planning and preparation...or spend money losing in trades without proper planning and preparation

Choice is yours. Choose wisely

Our other trading strategies: TCS, Infosys, DLF, Coal India

Take care & safe trading...!!!

Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be