Nifty50 index opened negative and witnessed sustained selling pressure throughout the day. The Bears Roars and Showed Bears power over Bulls, this Act of Bears made him Stronger stand against Bulls in coming Rounds of Trading Session as It formed a Bearish Belt Hold candle on the daily scale and drag down index by around 165 points on daily closing basis. It has broken immediate support of 10300 - 10276 zones and slipped towards 10180 levels. Now in Nifty50 Index till remains below 10244 zones, weakness could continue towards recent swing low of 10141 then psychological 10000 zones while on the upside hurdles are seen at 10266 then 10307 levels.
Trade active
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Nifty50 Index till remains below 10244 zones, weakness could continue towards recent swing low of 10141 then psychological 10000 zones while on the upside hurdles are seen at 10266 then 10307 levels.
Trade closed: target reached
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Now Bears are much ahead leading in the Bull's area and the aggression would effect more panic for bulls. Volatility could be seen at Index
Nifty50 Index till remains below 10244 zones, weakness could continue towards recent swing low of 10141 then psychological 10000 zones while on the upside hurdles are seen at 10266 then 10307 levels.