I see index is under pressure it could not resume its rally due to the macro factors one of which is pressured oil prices and second is due to the virus situation. It has to show some strength tomorrow to resume its really. Near term support level is at 1835-1840 zone.
To confirm this rally we need a solid close above the recent high of 1942.95 or i can see market side ways till a major news comes out.
Lets wait till tomorrow to know the direction.Happy trading!
HIt like & Follow
To confirm this rally we need a solid close above the recent high of 1942.95 or i can see market side ways till a major news comes out.
Lets wait till tomorrow to know the direction.Happy trading!
HIt like & Follow
Comment:
Good closing today! we can take this as a sign of confidence in the market. Need to cross above the resistance to confirm the rally.
Comment:
Market today was heavily sold, panic sell and clearing positions for near short term due to oil crash! I am out as well with loss, will bounce back stronger lets wait for the market to recover
Comment:
Good day for taking long positions today, i am in the trade and looking for more opportunites tomrrow