The Momentum
Markets shown a great deal of wide swing all through the day, that turned excellent for day traders. Almost 300 point swing and a great fight back from Bulls indicating tomorrow there is a possibility for one side move.
In my chart, which I had presented yesterday, You can get a view that Nifty almost on to 38.2% retrace level, and if that level is surpassed during opening hours we may even have a vertical up move till 4884.
So the simple view would be initiate long at opening hours and hold for a target of 4884.
Nifty spot levels for the day:
In my chart, which I had presented yesterday, You can get a view that Nifty almost on to 38.2% retrace level, and if that level is surpassed during opening hours we may even have a vertical up move till 4884.
So the simple view would be initiate long at opening hours and hold for a target of 4884.
Nifty spot levels for the day:
4690 - 4744 - 4791 - 4827 - 4884
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