Update 12:35 PM: Nifty CMP 10840 Sell
'Sell' is active 2 parts @ 10840. we feel markets may begin down move from these levels.
Update 01:47 PM: Nifty 10755 : Hold positions , nothing to be done as of now. Nifty likely to be under some selling pressure for some time. Need to observe trading for next 2-3 days to plan our next move.
Update 03:12 PM: Nifty 10795: Hold position for tomorrow. Nifty has recovered 50 points from day low but that doesn't change our stand.
Overall Nifty has closed below yesterdays low which is a encouraging sign for bears. Having said this, we need further signals from Nifty to confirm if its indeed a start of new down trend
'Sell' is active 2 parts @ 10840. we feel markets may begin down move from these levels.
Update 01:47 PM: Nifty 10755 : Hold positions , nothing to be done as of now. Nifty likely to be under some selling pressure for some time. Need to observe trading for next 2-3 days to plan our next move.
Update 03:12 PM: Nifty 10795: Hold position for tomorrow. Nifty has recovered 50 points from day low but that doesn't change our stand.
Overall Nifty has closed below yesterdays low which is a encouraging sign for bears. Having said this, we need further signals from Nifty to confirm if its indeed a start of new down trend
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