if market pundits are so confident that nifty will move below 5900 then why nifty traded in green zone for more than 5 hours out of 6 hours trade on Friday …..
and it was predicted well in advance that nifty will recover …
EOD nifty chart is showing that nifty is trading at crucial level at 5960 ..we are spotting double bottom …huge volumes may be counted as selling climax also … falling stopped just above 38 % fib retracement… pivot point …falling trend line …1 more uptrend line …we can say cluster support is here …not very easy to break … if these this all is true then no FRY day effect will be there and we will see either range bound trades in 30- 40 points range 5950 6000 range or smooth recovery today…
why nifty traded in green zone for more than 5 hours
