nifty the day is made low of 9685 it closed at 9710. if you see the candle stick pattern no previous candle closed at 9731. even though they made low. now 9685 is the crucial level to watch out for, on closing basis , if it breaks 50 day moving average is at 9280. will it happen quickly or will it be time wise correction we need to see.
AND IF YOU SEE TO THE LEFT OF THE CHART, 8 DAYS OF BIG CORRECTION AND THE 9TH BAR GAVE REVERSAL CANDLE. NOW NIFTY IS EXACTLY SITTING AT 20 DAY MOVING AVERAGE ON WEEKLY CHART. BUT THIS TIME SELLING IS HUUGE WHEN COMPARED TO PREVIOUS FALL . PROBABLY PROBABLY IF NIFTY EXPIRES BELOW THE PREVIOUS EXPIRY OF 9883, WE MAY SEE LWER LOWS AND LOWER HIGH'S. TOMOORROW 9793 MAY BECOME CRUCIAL RESISTANCE.
AND IF YOU SEE TO THE LEFT OF THE CHART, 8 DAYS OF BIG CORRECTION AND THE 9TH BAR GAVE REVERSAL CANDLE. NOW NIFTY IS EXACTLY SITTING AT 20 DAY MOVING AVERAGE ON WEEKLY CHART. BUT THIS TIME SELLING IS HUUGE WHEN COMPARED TO PREVIOUS FALL . PROBABLY PROBABLY IF NIFTY EXPIRES BELOW THE PREVIOUS EXPIRY OF 9883, WE MAY SEE LWER LOWS AND LOWER HIGH'S. TOMOORROW 9793 MAY BECOME CRUCIAL RESISTANCE.