there has been a lot of profit booking by Fund-Managers on NIFTY
As we saw yesterday, there has been a lot of profit booking by Fund-Managers. Although daily candle appears technically DOGI, this is single of change trend.
Nifty price is still above 50MA and 200MA as plotted in a chart also, which indicating positive bias in the short term.
Cash Nifty:
selling expected is 11729 to 11748 and below 11580 below is confirmation of changing trend.
ATR is till normal which means not started downtrend.
Nifty price is still above 50MA and 200MA as plotted in a chart also, which indicating positive bias in the short term.
Cash Nifty:
selling expected is 11729 to 11748 and below 11580 below is confirmation of changing trend.
ATR is till normal which means not started downtrend.