In last post we have suggested that big move is coming . Bears still have upper hand now and their position is safe till 2702-2710 is not broken and closed above that.
CHARTS ABOVE SHOWS NIFTY IN DOWNWARDS CHANNEL AND SHORT WEEK WILL ALSO PLAY CRUCIAL ROLE NOW .No one wants to take huge position home as dow trading below crucial level any big movement in Dow can make gaps in our charts .
Bulls have last hope as show in last chart area of 2490-2520 . This will be bouncy for them and any break for that area will be invite trouble for them as next support below that lies in area 2252-2350.
SUGGESTION : Our suggestion would be use intra day trading opportunity than taking long positional calls .
Regards
NIFTYTRENDS TEAM
No comments:
Post a Comment