Guys see can how many times the market trapped traders on both sides, what do you think who has been able to make money out of this type of market......
I think scalpers have made a lot today!
Lic housing fin working on down trend channel. yesterday it was given positive move with huge volume for more up side it should cross and sustain above 400-425, which is not seems positive as per indicator positions. it also form H&S pattern on monthly chart . it has target for down side 300,So better to use this bounce to take exit.
If we go by just the trend line, Bank Nifty closed at a more comfortable level. But as you know, it continues to remain weak 9/34 EMA System. Let us see how it behaves with the trendline tomorrow. (the EMAs shown in the chart are 50 & 100.)
The RSI value is below 40, B.Nifty is trading below 20 and 50 Daily EMAs and close to 100 Day EMA, which is at 30786, the...
