Nifty still looking bearish till 21570
As I said, in my last analysis, nifty might be looking to reach into the monthly fair value gap at 21137.20, which means we can still see more bearish action from nifty in the coming days.
In case we might not fill the value gap this month, on the short term, we still have a one hour discount at 21589.35.
So for tomorrow nifty might move a little bit up to fill the fair value gap formed on the one hour chart and then start moving towards the one hour discount array at 21589.35.
I will be looking for shorts on the one minute chart as soon as nifty enters into the premium array above.
In case we might not fill the value gap this month, on the short term, we still have a one hour discount at 21589.35.
So for tomorrow nifty might move a little bit up to fill the fair value gap formed on the one hour chart and then start moving towards the one hour discount array at 21589.35.
I will be looking for shorts on the one minute chart as soon as nifty enters into the premium array above.
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