Double Top
Today i just want to present a simple article. A double top formation on Nifty spot chart at 5182. Yesterday even Markets opened gap up and sustained at higher levels almost for the full day, Nifty spot was not able to make a new high, low volume on Nifty futures and lack of buying interest made markets to slip a bit and lost almost all its gain at EOD.
Today is Friday, still i believe a possible slide, that may happen today. Healthy buying may happen only if the above mentioned level is crossed with good volume.
Today is Friday, still i believe a possible slide, that may happen today. Healthy buying may happen only if the above mentioned level is crossed with good volume.