NIFTY - BULLS REALISATION

Jan 14, 2022

Nifty bulls and bears slug it out. Bears gain upper hand in many individual sectors, but Metals steel the show. This larger gain impacted the main index and prints marginal green. However, the area 18200-350 is practically no man's zone. This is confirmed by the volatile moves. The steep rise from 16400 to 18300 warrants a corrective move and this can go as far as towards 17900 area. Lets prepare for this. Short with stops 18350 works. Not sure how the open is as indications are gap down, but we can be different. In case if we close today above 18300, this suggests the much bigger move in store to the upside. A close today below 18100 warrants serious look on the continuation of the bulls trend, pushing the new range bound moves.