Nifty Technically

Dear All ,

Greetings for the day ,

Yesterday the market reacted very negatively to the RBI announcements on 16 th Evening .

Market Technical

NIFTY closes at 5955.50 (-1.25% down)

Crucial level for Today:: -5974-5989-6011 spot Upper side. (Sell on rise)

Crucial Support :: 5919-5902 spot down side support. (Buy near in this range if break this range or closed below 5902 then ready for wildly fall).

Nifty has been entered in 3rd ww for going to words at 5822-5650 spot instead of taking upper side resistance at 6011 spot. Is this an indication for more down moves ...............

Trade cautiously. Only a move above 6011 spot is the first indication that Nifty is going to rally to fill the gap created at 6039 -5906 spot. Otherwise 4th ww can vertical down move till 5650.

" Trading is a passion difficult to give up "

Comments

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