1. Demand/ analysis.
2. TrendLine analysis.
3. Previous week last 2 trading day sessions seen heavy selling pressure.
4. Coming week will be continue volatile.
5. Infact complete march month will be volatile.
6. 200 moving average and trendline 3 are almost on the same level, as you can see.
7. 3 clear rejection is seen in the current .
Be patience and wait to accumulate on the dip. The market is seeing selling pressure. correction is much needed and most welcome from the market. It will lower down the valuation.
As it can be seen that nifty market has exactly taken a pullback from its recent demand zone. Now in this week we just courteously need to see that does it will sustain that demand zone or not then we can look for the level 15,250 and 15,5525. or else it will breach the downside level 14,500. Overall market sentiment is in a fearful mood.
Last week market has completed its one leg of correction and taken a pull-back exactly from its demand zone. interesting now the market is trading in that demand zone range. In the coming week most probably Monday or Tuesday session we might see further correction as on Friday closing it shown a strong reversal sign from its resistance levels. But as the market is always unpredictable as might get hold of and re-test the demand zone lower lever as support could show minor pullback up and again will go down. So now new we can clearly say that we are in correction mode. The best setup for the coming session would always be sell on rising. Until bear correction clouds are not over. Rest always remember one thing market is always ahead of you and will always be indecisive.