NIFTY buy on dip with precaution .

low of nifty touched perfectly my line.
high is just away from the upper line of the channel shown in the chart.
here point of concern is the candle stick resembles that of hanging man
where the color of body bears less important than the size of the wick(lower wick is more than twice the body)
hence while trading tomorrow utmost care should be taken.
if low of today is taken out down side is possible temporarily.
tomorrow is expiry weekly.
hence we should observe carefully before jumping in to trading.
more upside seems to be left for nifty.
just be cautious in weekly expiry.

Comentário:

don't forget to like my post.
follow me to get updates.

Comentário:

in several occasion recently hanging man too has succeeded by bullish candle.