TODAY NIFTY SPOT CLOSED BELOW SUPPORT LINE OF UP TREND I.E. 5280
THE LEVEL MENTION BEFORE ALSO ATLEAST REQUIRED 2 DAYS OF CLOSING BELOW
FOR MAKING BULLS TO LOSS A BIT OF CONTROL
THE LEVEL MENTION BEFORE ALSO ATLEAST REQUIRED 2 DAYS OF CLOSING BELOW
FOR MAKING BULLS TO LOSS A BIT OF CONTROL
LEVEL TO WATCH FOR INTRADAY IS 5235
IF TRY TO BREAK OR COME NEAR AND DOES NOT SUSTAIN BELOW 5235
THEN SQUARE-OFF ALL SHORTS ... NIFTY LIKLY TO BOUNCE BACK
IF SUSTAIN BELOW 5235 INTRADAY CAN TRY FOR 5195 AND 5135
NIFTY WILL BREAKDOWN & BEAR'S WILL HAVE UPPERHAND
ONLY ON BREAK / CLOSE BELOW 5170 LEVEL FOR POSITIONAL SHORT
BELOW 5170 NIFTY CAN WIPE OUT 200-300 POINTS (4900 OR LOWER LEVELS)
THEN SQUARE-OFF ALL SHORTS ... NIFTY LIKLY TO BOUNCE BACK
IF SUSTAIN BELOW 5235 INTRADAY CAN TRY FOR 5195 AND 5135
NIFTY WILL BREAKDOWN & BEAR'S WILL HAVE UPPERHAND
ONLY ON BREAK / CLOSE BELOW 5170 LEVEL FOR POSITIONAL SHORT
BELOW 5170 NIFTY CAN WIPE OUT 200-300 POINTS (4900 OR LOWER LEVELS)
ALL ABOVE NIFTY SPOT LEVELS
NIFTY SPOT LIKLY TO OPEN MIDLY POSITIVE OR FLAT
BUT BEARS WILL HAVE UPPER HAND
