Nifty-Bulls not ready to give up
Nifty showing too much indecisiveness.
7 Dojis can be seen in last 15 trading sessions.
3 hammers indicate bulls are not tired even after a long run.
If recent Swing high and low are connected, we see today's close is at 78.6% Fib Level which is also 20 days SMA.
one can go long here with a stop loss of recent swing low 9560 with open targets
7 Dojis can be seen in last 15 trading sessions.
3 hammers indicate bulls are not tired even after a long run.
If recent Swing high and low are connected, we see today's close is at 78.6% Fib Level which is also 20 days SMA.
one can go long here with a stop loss of recent swing low 9560 with open targets
Nota
Today's down move with good volumes confirms downtrend.Stop loss triggered in this trade.
Upon a bounce, traders may enter fresh shorts around 9570 with SL of 9640
Nota
Those who shorted yesterday around 9570, Carry on the position with SL9640Nota
There is no sign of major weakness.Cover the shorts around CMP 9520 and wait for next breakout
Aviso legal
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