Nifty Analysis for 21-09-2021
Nifty has fallen from his high and made a low today. Interestingly the low that we saw is the lowest of the recent times. Here many are confused about whether to hold their positions or to buy more or sell
Now the pattern looks like it is going to fall more. However, I feel like the fall is going to happen in the morning itself which is on OPening. So a 100 points to 150 points is expected to fall. So once the Nifty nears 17260 one can initiate a buy position on the Nifty with a strict stop loss at 17200.
The India Vix raised by 2 points. currently at 17.5 indicates more volatility so Nifty is going to have a much large range. Which is good for swing traders However the market will open with a gap down so I believe there is a good chance of buy at dips.
The target for tomorrow is to buy NIfty at 17260 with a stop loss at 17200
Now if you are interested in Stocks then focus on Heromotocop It is looking good at these levels
I am not expecting much fall from here so one can buy at 2875 with a stop loss at 2860.
