Nifty 18197 = As we had posted yesterday Nifty has been moved up by market movers to close their positions. Trading volume study confirms the same. Both Up move and Down move volumes raising suggests nifty was moved up and down by them to close their positions.
Nifty is at crucial bearish channel resistance. Based on market data we continue our bearish View.
Comment
⋅
Nifty 18201 has resistance around 232.Shorts could be considered around this resistance.
Comment
⋅
trade entered : nifty dec12 18300 pe 172 @ 10:14
Comment
⋅
Nifty 18203 - After hovering around 18232, Nifty is showing some sign of weakness with reduction in buying volume
Trade closed: target reached
⋅
Target 1 achieved - nifty dec12 18300 pe 172 @ 10:14 - Target 1 @ 192 at 12:20