08 July # Booked Loss in all short position after seeing recovery in NIFTY and now I am having no position in NIFTY for hedging purposes…
9 July | NIFTY Price Action Analysis
Today’s market session was a rollercoaster — filled with volatility and mixed sentiment.
In the first half, the NIFTY 50 showed strength, attempting to build a solid base above the 25500 level. However, the second half turned bearish, driven by notable weakness in Reliance Industries, which exerted significant downward pressure on the index.
Despite the sharp decline, the market witnessed a mild recovery near closing, hinting at potential support buying and buyer interest at lower levels.
🔹 My View: I continue to hold a bullish stance on NIFTY
🔹 No positions have been created for hedging at this point
📌 Key technical levels to watch:
Support: 25500
Let’s see how the market reacts tomorrow. Stay cautious, stay informed. ✅
