Support taken

已更新

Nifty has failed to break 11235 and has taken it's support. So, this is where it might bounce back to 11550-11600. If you wanna book profit, book it now....

My view is still Bearish, I doubt if it will break it's resistance at 11550, so most probably, once it touches resistance, it will once again start dropping for 11000...

So, wouldn't suggest to go long...

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As expected, Nifty continued it's bounce back today. However, it wasn't able to break it's resistance 11450 today. It might just break it tomorrow.

Do not go long, sentiment is still bearish...

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As expected, Nifty successfully breached 11450. It might go for 11550 or more but, I still am Bearish...

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It's been 6 days of rising, may reverse any day...