Nifty 50 IndexUpdated Nifty @ 10692 for 3rd time in 3 days.
Nifty will be filling a gap up here if it breached 10692 which happened couple of day back.
Advised to traders to wait till 10633 is breached in 30 mins timeframe for a short term bearish momentum.
If it crosses the lower blue line convincingly in 30 mins timeframe then it will go into long term bearish momentum.
Longers wait again till Nifty clears the upper blue line for up trend convincingly in 30 mins timeframe.
Data points turning bearish as of now. Global cues are also playing important role as informed in my yesterday's post.
Dow lost 400 points and today Nifty lost more than 100 points.
Happy Trading :)
Note: Views are only for educational purpose.
Advised to traders to wait till 10633 is breached in 30 mins timeframe for a short term bearish momentum.
If it crosses the lower blue line convincingly in 30 mins timeframe then it will go into long term bearish momentum.
Longers wait again till Nifty clears the upper blue line for up trend convincingly in 30 mins timeframe.
Data points turning bearish as of now. Global cues are also playing important role as informed in my yesterday's post.
Dow lost 400 points and today Nifty lost more than 100 points.
Happy Trading :)
Note: Views are only for educational purpose.
Trade closed: target reached
Today market did only consolidate and their was no volume. Hence it did not give any proper view.
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