Trade setup for 07 May; Fed meeting, India- UK free trade agreement and Nifty 24350 support

Trade setup for 07 May; Fed meeting, India- UK free trade agreement and Nifty 24350 support

In the Nifty analysis, we discussed a 02 may trade setup, noting that Nifty had formed a kind of hammer pattern with a long wick. This indicated that the market might either move downward or face resistance in moving higher. In yesterday’s trade setup, we also mentioned that although the market had risen, the hammer … Read more