FALL IN NIFTY MAY CONTINUE-WAIT FOR GOOD ENTRIES IN CASH MARKET.
Dear Traders,
Looks like triangle pattern is forming in NIFTY, market is preparing for big future moves. Selling may continue till gap and previous resistance zone.
Have a good day Traders.
Looks like triangle pattern is forming in NIFTY, market is preparing for big future moves. Selling may continue till gap and previous resistance zone.
Have a good day Traders.
Comment:
Dear Traders,
Market is not in the mood of rest, so please ignore long positions. Also we can expect nifty to touch 16800 levels.
Market is not in the mood of rest, so please ignore long positions. Also we can expect nifty to touch 16800 levels.
As per our previous analysis market fall and took a position nearby our drawn support line. Now, next it will rest and make price action on 1H TF. From there it either can go further down or return back to upper levels. Traders, it is important to see price action before taking any decision.
Happy Trading guys.