Nifty poised for recovery, Midcap Select awaiting breakout: Ravi Nathani

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Nifty poised for recovery, Midcap Select awaiting breakout: Ravi Nathani - Business Standard

Quick Summary:

A disciplined approach with clear stop loss and profit targets is essential for navigating this volatile phase.

This condition suggests that the index is primed for a technical bounce, especially in the absence of adverse global developments.

For now, the best trading strategy for conservative traders would be to wait for a decisive breakout before entering positions, as this would provide clarity on the direction of the next move.