Hi friends,
In my previous post i had mentioned 5980-6000 level for nifty top for the current upmove
nifty managed to cross 6000 for a brief period of time and fell back i reckon a top is in place .
A sideway move to test the top again is a possibility as shown from the hourly chart.
The more the time nifty spends here it would make me think its some sort of corrective wave up
rather than an impulse up.
The below daily chart shows the daily support of nifty its likely to test 5800 where the support comes
the exhaustion is seen in nifty ,Lastly we have seen sectors are not moving in unison so expecting
a clear trending move would be futile.
Trade wisely!!
In my previous post i had mentioned 5980-6000 level for nifty top for the current upmove
nifty managed to cross 6000 for a brief period of time and fell back i reckon a top is in place .
A sideway move to test the top again is a possibility as shown from the hourly chart.
rather than an impulse up.
The below daily chart shows the daily support of nifty its likely to test 5800 where the support comes
the exhaustion is seen in nifty ,Lastly we have seen sectors are not moving in unison so expecting
a clear trending move would be futile.
Grt brother..keep rolloing these
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