Hi All,
Nifty witnessed selling pressure in the
morning today, however gained a momentum to surpass the 8810 levels.
Going forward, resistance for Nifty is near
8825-8830 levels and Nifty has formed yet another Shooting star pattern
(Bearish), on 15 minutes chart which will get confirmed if Nifty breaks
8810-8800 levels.
Nifty, below 8800 can go further down to
touch prior swing lows near 8770-8750 levels.
Bulls need to be careful of any suspicious rise
in Nifty without proper chart confirmation...
Cheers
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