NIFTY broke down yesterday as expected , but we need to be careful today as this might be a false breakout , unless there is a strong news during the day NIFTY might not go further down it might consolidate and recover, in case of breake down 18600 -18500 will be support for it today I except a sideways movement . Any Trade taken should have strict stop loss
For nifty 19075 is very important for today , which is yesterday's closing. In case market cross it market might see a fall as at 19000 there is huge. So risk of of unwinding and which might drag the market . Where as on the upside the market might no go above 19200 . So today view is neutral to negative
I except market fall to end anywhere between 18800 to 18500...
Hi
If tomorrow nifty breaks the level of 19246 then it will turn into sideways to bearish. If it closes above then it would be in range 19246 - 19800 which would be consolidation for it for moving further up and might test 20000 agIn
