Nifty witnessed the correction from higher levels close to 5200 and made closing below 5100. As we had mentioned in our previous report that one could go for sell on rise in nifty future for the target of 5075 to 5080 today it did. Now as per the candlestick charts study it is looking that market may more correct from the current levels. In the downside the two crucial supports seems to be at the levels of 4950 & 4820. So, we recommend that traders could hold the shorts for some more time. Those traders who like to initiate new shorts could do below 4975 for the target of 4825 to 4830.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment