Hi All,
As expected, in spite of opening positive
by more than 50 points and rallying almost 90 points thereafter, Nifty faced a
resistance near the mentioned level of 7890-7900, Nifty fell sharply as expected
and broke the supports mentioned.
Now Nifty is trading near the gap up window
Demand Zone near 7770-7710 and the fate for bears hereafter will be decided only
after breaking the zone.
Traders are expected to trade cautiously
with their short positions as markets are trading in a demand zone now, we can initiate a trade on the Long
side provided Nifty gives some confirmations at least on the intraday charts, I
will update you all regarding the same if it occurs...
Levels to watch out for today -
Supports - 7730-7700-7670
Resistances- 7780-7800-7860-7890-7910
Cheers.....
Hrishi
3 comments:
Arjuna habit sir
Didn't get you Sumit....
sir arjun ki terha nishana h ek dum point pai
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