Today Nifty opened 270+ points Gap down and traded with down bias. I mentioned in the last post "The hourly chart shows support at 8450-8250", it reversed from 8244 and closed at 8281.
The daily chart shows the possibility of the further down move as day close is near day's low and day candle strong bearish. Any gap up may bring selling pressure and a break of 8250 can lead to 8000-7750.
Nifty may face resistance at 8450-8600 zone.
The daily chart shows the possibility of the further down move as day close is near day's low and day candle strong bearish. Any gap up may bring selling pressure and a break of 8250 can lead to 8000-7750.
Nifty may face resistance at 8450-8600 zone.
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