Description
⋅ Nifty
CMP 9902
Observations
- While falling from all time highs, we observe Nifty had taken a pause at 9872 levels for 2 days
- After flirting with 9860-9880 zone in the last 2 trading sessions, now Nifty is back above that level
The continuation of this rally on the upside in Nifty will depend on its ability to hold & defend the said zone.
For any long position in Nifty 9860 level on closing basis should be the Stop loss
Take care & safe trading...!!!
Comment
⋅ Nifty cmp 9925
Nifty is struggling at 20 day EMA (9926.45)
Unable to cross decisively can pull Nifty down towards 9880
Take care & safe trading...!!!
Comment
⋅ Nifty
CMP 9926
RBI Policy is through and Nifty still is not decisively able to cross 20 day EMA.
Risk of re test of support at 9860 still looms over Nifty...
Take care