For the day, Prices remaining below 10885-900 would keep weakness towards 10815-835 or 10780+. Below 10780, it would be bearish in ST. For MT bearishness, it should break 10660. (Rising wedge support)
(Major Reversal rally for the huge fall from 11760 to 10005 got stalled @ 10775 and has consolidated finding support at 10440-490 and has moved past gap @ 10755-821 and poised to move towards 10937-11078 in the coming days.
10780-821 would be critical for the continuation of this rally.
Nifty: ST direction is “UP” with prices closing above most“HEmas ”
No comments:
Post a Comment
Note: only a member of this blog may post a comment.