Price has met resistance at 193-195 levels with 2 sweet Spinning Tops.
100 Day SMA @ 195.50 is a potential resistance.
Square off if it closes above 195 on Daily. A tight stop loss but playing safe; open to fresh entries.
Probably Playing S&R, Also 100 SMA is in helping to give a clear trend picture. Falling would be a most likely condition as compared to Nifty 50 but don't ignore the support just below. What do you think ??
We can see a reversal in the DJI:index as of today MARKET HARDLY MANAGED TO BEAT THE RED CLOSING Major market benchmarks mostly drifted sideways on low volume Monday, with investors looking forward to trade talks at the G-20 meeting later this week.
We can see a possible revarsal as of chart is indiating the reversal from the current level 70-50+pts up normal...