Good Morning Everyone,
Guy's we have seen consolidation in entire day, Earlier i was thinking Nifty will break above 19450 levels and sustains, but nifty did not worked accordingly, and Sensex also closed 140 points down. If i talk about today's Global market view, then seems pressure in market, all global market is showing mix to negative cues. Our Gift Nifty is...
considering my demand zone from 61250 - 62000
and recent resistance from 67620 - 66850
price has been forming lower high and lower low
can continously decline
on aug 24 price tried to break free above previous lower high of 16 Aug
but failed and resulted into a breakout failed
the yellow then indicates the descending selling pressure area
from demand zone...
60652 resistance level can hold this down long term. Could ladder up to 61319 final hold level or 60862 could be the final low . This could be the beginning of bear market for Sensex if it breaks the 52804 support level . We might fall more than 20% or even more within 4 to 5 months depending on the volatility of the trader's decision or news spoiling their...
