sreebhashyam

NIFTY: In neck, Evening Star

NSE:NIFTY   Nifty 50 Index
Five continuous Quarters of Upmove.

Three continues weekly moves.

End of half year, all allocations and NAV are taken care, back to the results season, add to that dash of Budget expectations.

Coming to expectations, market is in deep in-neck expectations and hence there are some disappointments and then there can be some surprises. It is the net that matters.

While we can continue to expect a volatile move, the volatility thy name looks the meaning of one way moves, that can be tempered going in this month.

Dollar holds its gains, one of the best quarterly moves since 2013. Ditto Silver.

Lots of data, political events in Europe, the July and incoming summer never been kind to the bulls, so brace with some dash of Risk Management and temper the expectations, money saved is money made.

The daily is in neck pattern. It is not as powerful as the dark cloud pattern, but today close remains vital.

The shorter frames post the evening star, so far there is a break in the trendline, caution comes closer than far.

Supports all the black lines are very important farther in the picture is greater in importance.

Support 23980-23950-3880 (one vital and the first horizontal line)

Supply 24100-24138-24188

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