Nifty 50 (9030)
Nifty has made an inverted hammer with a gap an island formation which says selling can takeover in market.
9010..9000 is a support zone in short term charts.
Below this zone nifty can slide to 8930-8960-8990 can be a small hurdle to break.
Nifty if trades and maintains with closing above 9074-9090 only uptrend can resume.
Until than sell on rise should be the strategy.
Nifty has made an inverted hammer with a gap an island formation which says selling can takeover in market.
9010..9000 is a support zone in short term charts.
Below this zone nifty can slide to 8930-8960-8990 can be a small hurdle to break.
Nifty if trades and maintains with closing above 9074-9090 only uptrend can resume.
Until than sell on rise should be the strategy.
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