NIFTY UNDER PRESSURE??
As discussed though NIFTY showed some strength in FIRST but ended up being VOLATILE finally and exact rejections seen from 15900 levels as expected
Now the reason being under pressure as its closing 15830 which is very crucial as we can see NIFTY faced much pressure as BEARS always overpowered BULLS in these levels so it is expected if opened weak we can see sharp 40-60 points fall in first half of nifty before RECOVERING
MO FRESH BUYING RECOMMENDED UNLESS NIFTY BREAKS IT ALL TIME HIGH which is 14900 levels which has been already multiple time tested
New supports being S1 - 15760
S2 -15640
Now the reason being under pressure as its closing 15830 which is very crucial as we can see NIFTY faced much pressure as BEARS always overpowered BULLS in these levels so it is expected if opened weak we can see sharp 40-60 points fall in first half of nifty before RECOVERING
MO FRESH BUYING RECOMMENDED UNLESS NIFTY BREAKS IT ALL TIME HIGH which is 14900 levels which has been already multiple time tested
New supports being S1 - 15760
S2 -15640
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