yesterday after gap down opening nifty covered its gap and moved all the way up and closed above 6000 level . yesterday panic was there in short sellers and short covering lifted market up ...will nifty maintain its yesterdays momentum today also ?
nifty moved up with with comparatively higher volumes and closed out side of channel was it buying climax ? if is was buying climax we may witness c wave of abc pattern in a day or 2 .
other eod chart showing that only 1 candle has changed the scene
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Flat to slightly negative opening is expected with choppy session initially ...market direction will be decided later if yesterdays move was bulls trap then we will witness profit booking today but if last days move was genuine move then nifty will start its journey or retain its last days level ...trade with alertness. Never miss profit booking opportunity .
Trade in Nifty futures as per these levels
Buy at / above: 6052 Targets: 6068 - 6085 - 6100 - 6120
Stoploss : 6028
Sell at / below: 6028 Targets: 6013 - 5993 - 5970 - 5951-5923
Stoploss : 6052
nifty moved up with with comparatively higher volumes and closed out side of channel was it buying climax ? if is was buying climax we may witness c wave of abc pattern in a day or 2 .
.png)
Flat to slightly negative opening is expected with choppy session initially ...market direction will be decided later if yesterdays move was bulls trap then we will witness profit booking today but if last days move was genuine move then nifty will start its journey or retain its last days level ...trade with alertness. Never miss profit booking opportunity .
Trade in Nifty futures as per these levels
Buy at / above: 6052 Targets: 6068 - 6085 - 6100 - 6120
Stoploss : 6028
Sell at / below: 6028 Targets: 6013 - 5993 - 5970 - 5951-5923
Stoploss : 6052
