Good Morning Everyone,
After a bounce of yesterday Nifty continued
its downward journey once again by opening negative by almost 100 points.
In a freak trade, Nifty created a high of
7470, again failing to cross the resistance level mentioned early.
At 7320, Nifty has completed around 20%
correction from its peak level of 9119.2.
As expected earlier, below 7440, the
targets of 7200-7100 are looking certain after today’s fall.
Bulls are really praying for a signal on
charts which is not been seen on charts of any timeframe as of now....
Cheers
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