NIFTY faced resistance at the trendline connecting the origin of the fall and the island reversal candle.
it also has formed a head and shoulder breakdown you can say.
today's rally had no attempt of recovery.
expecting more weakness tomorrow as the momentum of today can spill over tomorrow
8750 and 8800 is a support. if broken can fill the gap at 8100s.
Short on rise to the trendline if it happens, SL todays highs
it also has formed a head and shoulder breakdown you can say.
today's rally had no attempt of recovery.
expecting more weakness tomorrow as the momentum of today can spill over tomorrow
8750 and 8800 is a support. if broken can fill the gap at 8100s.
Short on rise to the trendline if it happens, SL todays highs
Comment:
mostly a gap up today due to world markets move..