Nifty Intraday chart - 5 mins:Nifty opened gap down of 20 points and started moving up so the call on double top didn't trigger yesterday morning.
Nifty formed a Bearish Flag and pole, in the present conditions trade triggers only below 4600, as I mentioned in the
post.
Nifty Chart - Daily:Nifty formed an Inverted Hammer in daily charts with moderate volumes, which is giving a hint that bears have failed to through the prices down. But they didn't loose totally as bulls couldn't managed to close above 4664 levels.
Nifty Chart - Hourly:On the higher side if the market opens above
4665 levels which is 50% retracement of the total down move from 4744 to 4581 levels, then it can reach up to
4700 - 4710 levels. If it opens below 4665 levels then 4665 would become initial resistance.
On the lower side
4600 may act as good support, below which Nifty has to take out 4581 levels to pull the market up to
4550 levels.
1 comments:
Thank u very much for your early post 2day...
I read it in advance,(before market opens) grasp something and booked profit early...
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