The tremendous rise after a sharp fall usually leads to euphoria among retailers as they feel validated in their market view. However, a trader must have open mind to asses all possibilities. With this motto, i am sharing my analysis for NIFTY.
Note
Huge down day. 21 EMA violated decisively. Next target is 50 EMA.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.