Kinnari_Prajapati

there has been a lot of profit booking by Fund-Managers on NIFTY

Short
NSE:NIFTY   Nifty 50 Index
As we saw yesterday, there has been a lot of profit booking by Fund-Managers. Although daily candle appears technically DOGI, this is single of change trend.

Nifty price is still above 50MA and 200MA as plotted in a chart also, which indicating positive bias in the short term.

Cash Nifty:
selling expected is 11729 to 11748 and below 11580 below is confirmation of changing trend.

ATR is till normal which means not started downtrend.

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