I m not bullish for nifty after Friday RBI rate cuts until it crosses above 25300 level, if it takes resistance at 25255 level on Monday or Tuesday then there is high chances that this up move from 7 April and this breakout after a month long range bound nifty is nothing more than a trap of bulls. And market may break this 22000 level in upcoming 2-3 months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.