by just analysing the structure of market on hourly frame it seems that the downtrend may not resume unless and untill nifty holds 11014 on closing basis !
we can then see further gaps getting filled due to it ! lets just keep a track at levels closely!
Trading @ 254.70 when the sock came to my notice. Took some intraday support from 253-253.70 and had been consolidating for some time in 254.10 to 254.80. I looked at the daily chart, it was positive uptrend. I looked at the tape. There was huge seller @ 255 which the buyers were absorbing as the stock completed consolidation on 5min. chart. I wanted to take the...
