Nifty- pullback continuation
Nifty retraced and closed yesterdays red candle with a matching green candle. Firmly planted on support of 17354 S3 camarilla support and above 100EMA. Moving inside the parallel channel for several consecutive days, expect move towards 17989. On the downside, 17041 is the next support. FIIs sold 2300cr today-much lower than what they have been selling for past several days. This and crush of volatility by 2.5% today should bring positive cheer to the market tomorrow. Let us see if it indeed is positive.
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