Nifty || 31st May 2022 || Falcon Trader || Daily Analysis

Have mentioned in previous posts as well, we will test the puprle level indicated in the chart, a pull back only to move higher? - Time will tell.

For now we trade on this pull back with target of 16400 levels.

This is a neutral trade, once we reach 16400 levels then again we can go long for further higher targets and eventually we have to short from the top again.

I don't thing we have reached real bottom yet and therefore this is just a blessing for traders - another easy opportunity to trade and earn profits.

Use stop loss.