Hi all,
As posted in the morning, this correction was a healthy correction...... Nifty bounced almost 100 points from the mentioned support area of 5900-5950..... (Low 5932)
Going forward, 5930-5900 should act as a major support whereas 6120 will be a major hurdle....
Bias still remains +ve and would change to negative for short term if 5930-5900 is broken with targets near 5740.....
I Just hope what observation I shared in the morning (Nifty and Sensex divergence) is not getting materialized..... but personally I feel 5740-5680 is an area to get panic for positional traders....
Cheers
Hrishi
As posted in the morning, this correction was a healthy correction...... Nifty bounced almost 100 points from the mentioned support area of 5900-5950..... (Low 5932)
Going forward, 5930-5900 should act as a major support whereas 6120 will be a major hurdle....
Bias still remains +ve and would change to negative for short term if 5930-5900 is broken with targets near 5740.....
I Just hope what observation I shared in the morning (Nifty and Sensex divergence) is not getting materialized..... but personally I feel 5740-5680 is an area to get panic for positional traders....
Cheers
Hrishi
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