Bears Take Control Over Nifty– Levels to Trade
Nifty Hourly
Nifty hourly chart above had support at 5320 as discussed in our previous posts also proved to be the support in today fall.
Stock bounce in morning and started coming down as soon as 5378 got taken out.
Indicators are oversold but trending market it really does not matter. An Indicator can remain oversold for prolonged period of time.
Nifty Daily
Nifty kept on making lower bottoms and lower high on daily chart after the break of trendline support. As discussed yesterday Nifty left a gap till 5434 which needs to be filled. …
Read the full story »
Nifty hourly chart above had support at 5320 as discussed in our previous posts also proved to be the support in today fall.
Stock bounce in morning and started coming down as soon as 5378 got taken out.
Indicators are oversold but trending market it really does not matter. An Indicator can remain oversold for prolonged period of time.
Nifty Daily
Nifty kept on making lower bottoms and lower high on daily chart after the break of trendline support. As discussed yesterday Nifty left a gap till 5434 which needs to be filled. …
Read the full story »
posted by Bramesh at
7:43 PM
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