Slight relief for longers
Normally if we an aggressive bear attack, longers will not have a single chance to close their positions. Same as the case with bull market also. But if we are on the same direction in either of this attack, traders will mint unexpected money of their life time.
Today we get to see a small bull move of around 80 points in single stroke. But repeatedly Nifty is facing heavy selling pressure or lack of buying around 5160 to 5190 region. The region between 5050 to 5150 will be tough to trade. So unless we get a close above 5190 range the trend will not be clear.
Tomorrow again we may see some selling in our markets. Until now US markets are under heavy selling pressure. As far as our markets are concerned, it will face huge selling pressure once 5050 spot level is broken. So safe traders are advised to trade lite or avoid trading.
Nifty spot levels for the day:
Even in this critical market move, we where able to book 50+ points today.
Today we get to see a small bull move of around 80 points in single stroke. But repeatedly Nifty is facing heavy selling pressure or lack of buying around 5160 to 5190 region. The region between 5050 to 5150 will be tough to trade. So unless we get a close above 5190 range the trend will not be clear.
Tomorrow again we may see some selling in our markets. Until now US markets are under heavy selling pressure. As far as our markets are concerned, it will face huge selling pressure once 5050 spot level is broken. So safe traders are advised to trade lite or avoid trading.
Nifty spot levels for the day:
5062 - 5088 - 5119 - 5133 - 5166
Even in this critical market move, we where able to book 50+ points today.
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