Greetings of the Day!
Indeed with a positive opening yesterday, Nifty did take a good attempt in the early hours. However, not being able to continue so, the Market showed a selling pressure from the early hours itself. Thereby, proving the effectiveness of the shooting star pattern, just as it was stated yesterday. As Nifty showed a decline of approx 98 points on closing basis.
Well as of now, we are expecting to witness a bounce back in Nifty. Where if the Index manages to sustain above the level of 17800 in the first hour today, then we can witness a positive uprise in the levels.
Until then continue being stock specific.
Happy Trading!
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 17718.35 (-97.90)
Regards,
Alok Daiya
Indeed with a positive opening yesterday, Nifty did take a good attempt in the early hours. However, not being able to continue so, the Market showed a selling pressure from the early hours itself. Thereby, proving the effectiveness of the shooting star pattern, just as it was stated yesterday. As Nifty showed a decline of approx 98 points on closing basis.
Well as of now, we are expecting to witness a bounce back in Nifty. Where if the Index manages to sustain above the level of 17800 in the first hour today, then we can witness a positive uprise in the levels.
Until then continue being stock specific.
Happy Trading!
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 17718.35 (-97.90)
Regards,
Alok Daiya
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya