There is a Bearish Bat formation in the making. Also there is a gap fill zone near the BAt PRZ. So I do expect some resistance at 10440-10470 zone. It could be a zone to book profit on long trades. I will wait for price rejections before initiating any short.
Enjoy
Regards
Last chart was posted on 21st September with prediction that market is going to correct by 38% (10300- NIFTY SPOT).
This level is tested 8th and 9th October and 10th October it started UP movement. Please note our trend is DOWN and todays move is only Pullback.
Tomorrow also expecting UP move by 100 Points to 10550.
If NIFTY starts down movement from 10550, then...
I picked this as it was positive close, but the doji shows the sentiment of both buyers and sellers, sellers donot want it to gobeyond as it is penetrating to resistance zone, tomorrows action will tell will it be able to successfully push into.price acrtion will confirm, keep in radar
