Nifty
CMP 10430
Chart observation
- blue zone of 10420-10550 looks important; likely to act as make or break zone
- Nifty broke past the blue zone but is trying to recover
- important for Nifty to go past 10600 to reflect strength
- termination of rallies in the blue zone will indicate no follow up strength and that recoveries were just dead cat bounce and possibility of Nifty resuming downtrend taking it towards sub 10000 levels will increase
Take care & safe trading...!!!
CMP 10430
Chart observation
- blue zone of 10420-10550 looks important; likely to act as make or break zone
- Nifty broke past the blue zone but is trying to recover
- important for Nifty to go past 10600 to reflect strength
- termination of rallies in the blue zone will indicate no follow up strength and that recoveries were just dead cat bounce and possibility of Nifty resuming downtrend taking it towards sub 10000 levels will increase
Take care & safe trading...!!!
