According First half of today trading session, It seems that for intraday it has taken support. Hey! but it is not good news, the good news is about in Day Chart, it is looking like may be Bullish with "Engulfing".
I am not sure enough because I am not the Index, or I am having record trillions of $ to invest in bullish view. meanwhile it is my personal...
According to pattern made by bank nifty on day candle, it is sure that bear are still in Market, it shows market to be GAP down, but no ignorance of TRAP, it may be GAP up and after some positive signal market move to BEAR, like triple TOP or Head and Shoulder pattern.
But for tomorrow my analysis is Short. it is three type of signal may occurs, like GAP up and...
It is enough of bullish trend when market has no more buyers at this level, more negative news is in this weekend. LOCK down and Covid19 rising cases all over the India.
Rising Covid 19 cases is one of big concern that Market will move below the average, secondly in an year a major consolidation (reversal) is required that could be this time.
