nifty takes support at the confluence zone.

Nifty 50 IndexNSE

Description

⋅ Jun 4, 2020 6:13 PM

bank nifty spoils the sentiment.
today's candle is indecision bar.
at this stage I would advocate to wait and see.
if only today's low is violated some down side may be possible.
if high is taken out one can go long.

Comments

saibalbanerjee021

⋅ Jun 5, 2020 2:21 AM

10500 call a good idea ??

sabu_m

⋅ Jun 4, 2020 7:14 PM

Gap down open and lower closing seems to indicate a bearish trend...

bijoy2526

⋅ Jun 4, 2020 7:28 PM

@sabu_m, In case of gap down opening please do n't short.till Wednesday we were in short term bull run. Before taking position please watch

sabu_m

⋅ Jun 5, 2020 3:17 AM

@bijoy2526, Thank you very much Sir