A gravestone doji after a gap up opening is creating confusion in the market.
Nifty after a gap up opening came for selling in the first hour and after that slowly went up and closed near the opening price.
On the hourly time frame, there is a bullish moving averages cross over and today the market took support around 19450 levels.
The market gave gap filling...
NIFTY has been rising since last few days and now have started into a consolidation zone.
The immediate channel it has formed is from 17650 - 17950. On 10 Jan, it could be seen trading within this range if opened flat.
If it breaks this range, it could be seen between the range 17400 - 18100.