Today, as well- Nifty could be weak & possible that it goes to test the gap zone 8530-8555- Nifty Staying below 8595 should stay down for Intraday session. Avoid taking longs as if now.
Almost 30 points down from 8595 desired level - Expected to kiss the gap zone 8530-8555 that could be the final dip.
Likely we are close to start an up move, but I never guess & always wait for the market to show me forward direction or give me green signal.
Let us book 70-75% if taken shorts & hold only small quantity.
Likely Nifty dips in the gap zone of 8530-8555 as the target zone- we should book maximum profits in that zone & shall check next
Amazing - It kisses the gap zone 8530-8555
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ