Cnx Nifty (7915)
Nifty yesterday showed a gap down opening as market did not support Bihar elections victory
Technically as mentioned earlier we can see 300 points down below 8000
Nifty made a low of 7771 yesterday
Nifty opened at support levels and showed a sharp pull back filling the gap of yesterday . It has made a marubozu candle if maintains the low 7770 we can see nifty travelling to 8000.. 8100 levels in this week
Uptrend can only resume closing above 8140
Till then sell on rise will be the strategy
Nifty yesterday showed a gap down opening as market did not support Bihar elections victory
Technically as mentioned earlier we can see 300 points down below 8000
Nifty made a low of 7771 yesterday
Nifty opened at support levels and showed a sharp pull back filling the gap of yesterday . It has made a marubozu candle if maintains the low 7770 we can see nifty travelling to 8000.. 8100 levels in this week
Uptrend can only resume closing above 8140
Till then sell on rise will be the strategy
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