Hi all,
As per the last post - Bearish Engulf (Read here), as expected Nifty could not sustain higher levels and broke the level of 9620.
Now the penultimate level of 9580 to be watched out for further move....
Below 9580 (looks like will break), bears can be in full control and Nifty can drift down to lower levels of 9530-9490-9400-9340.
Please note - Short or sell on rise view for markets only when markets sustain for a while below 9580...
Cheers
Hrishi
As per the last post - Bearish Engulf (Read here), as expected Nifty could not sustain higher levels and broke the level of 9620.
Now the penultimate level of 9580 to be watched out for further move....
Below 9580 (looks like will break), bears can be in full control and Nifty can drift down to lower levels of 9530-9490-9400-9340.
Please note - Short or sell on rise view for markets only when markets sustain for a while below 9580...
Cheers
Hrishi
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