NSE:NIFTY Usually after a big rally the following day will be sideways day. st 1hr range will be important tomorrow. all the European and American markets are trading in extreme green which indicates a gap up open in Nifty. 15800-15826 will be a resistance level for nifty tomorrow.
Comment
⋅
as i said 1st 1hr range is very important for today. market reversed from the 1st 1hr high
Comment
⋅
again 1hr range acting as a great support.
Comment
⋅
if 5 min closing below 1hr range happens.. that will be victory for bears
Just for your info :- today usa market is following indian market that’s it. Morning when indian market opened usa market future in red. After india market moves changed as green. what impact on the market?
similarRhino62112
⋅
@similarRhino62112 Chair Jerome Powell sounded a hawkish note in his press conference following the meeting, saying there was a risk to inflation rising more than the FOMC’s estimates. Officials also moved up their estimates for the first rate increase, with the median now seeing two hikes in 2023. It will happen on one year prior 2022 itself.
@similarRhino62112, yes yes. All these are cues to be taken out and we need to see how Indian markets are reacting to the cues. If it is reacting in an opposite way we trade accordingly. We trade what we see and we change our plans as per market conditions. right?