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Ravi Nathani decodes how to trade Nifty50, Nifty Bank amid volatility

According to the technical analyst, traders must remain cautious while trading Nifty50, in order to maximise gains and minimise losses

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis
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Ravi Nathani Mumbai
Nifty50
Last close: 17,465.80 

The benchmark index is exhibiting a high degree of volatility in the recent past. In the light of this, traders and investors have been devising different strategies to capitalise on the market movements. Based on the technical charts, there are three discernible trading strategies that traders can pursue:

The first strategy is to buy at the current market price, with a stop loss of 17,350 set on a closing basis. This approach suggests that the index is likely to continue its upward trajectory, and traders can benefit from this trend by buying at the current market

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First Published: Feb 27 2023 | 7:46 AM IST

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