This is my premarket journal for 3/5/23
Nifty had a gap up opening as expected but then moved sideways and did not fall as expected today.
For tomorrow (3/5/23), all global cues/indices are in -ve.
If fed hikes rate, we will see a gap down opening around 18075-18090 and range is expected to be 18150 on upper side and 18000 on lower side for Wednesday
If rate hike is held back then market will reacted by moving to higher grounds. Any break above 18180 and sustain on 15 min time frame shall see 18200/230/260
Nifty had a gap up opening as expected but then moved sideways and did not fall as expected today.
For tomorrow (3/5/23), all global cues/indices are in -ve.
If fed hikes rate, we will see a gap down opening around 18075-18090 and range is expected to be 18150 on upper side and 18000 on lower side for Wednesday
If rate hike is held back then market will reacted by moving to higher grounds. Any break above 18180 and sustain on 15 min time frame shall see 18200/230/260