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jac001

$NSE:NIFTY Insight:17thJan24 Small gap Down Bearish Bias

Short
Nifty 50 Index (NSE:NIFTY)  
jac001 Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis
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0
trendanalysis
NIFTY Insight:17thJan24 Small gap Down Bearish Bias

Based on my historical data analysis below are the Insights
I have Bearish Bias if it opens below the trendline.
Open: Small gap Down or at yesterdays close
Will not sustain profit booking and should retest todays low. Also may fill previous gap.
Should most probably end up in Red tomorrow.

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Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
Comment:
Looking at Gift Nifty, i think we are on right track, just that the gap Down is much bigger than expected.
Comment:
DM me if you think you could make better trades and be profitable if you get these Insights for next day before today's market closes may be around 3:15pm IST.
Trade closed: target reached
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