#NIFTY - Haphazard Movements

NSE:NIFTY   Nifty 50 Index
Looking at the last few days of Close to Next Day Open relationship, one can easily point out the lack of any clear mood that the Market is in.
These haphazard movements are a telltale sign of a corrective structure, which as we understand is under formation on NIFTY.
At this point, it looks like the fall is certainly not going to be a straight line and chances are NIFTY might revisit 12270 odd next.
On the downside, 11726 remains an open possibility.


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