- Nifty filling up those gaps which are left vacant with huge gap up , i was keep telling that these gaps will fill up sooner than expected
- continuous three trading sessions were opened in huge gap up and Monday daily frame showing that indecision between buyers and sellers and following days Candles look like three black crows were forming which is clear indication that possible direction is towards downside and or it may be stay flat
- option sellers was trapped in todays last 60 mins sessions both in NIFTY and BANKNIFTY
- however banking stocks were out performed today and throughout the day banknifty holds the nifty
- IT sector was continue to Bleeding
- Mainly paint stocks were damaged market due to increasing crude oil which is now trading at 7Y high
- Rise in crude oil is definitely concern for every manufacturing and import , export companies
- GOLD prices and 10Y bond Prices were increasing which is indicating that some of investors were transferring money from equities to safer and less volatile assets
- For NIFTY 18050 - 18100 is very important zone to hold if it breakdown these levels or if closed below these levels then definitely market will enter into consolidation zone due to some concerns like raising in crude prices , 10Y bond , GOLD prices
regards - Agasthya
- continuous three trading sessions were opened in huge gap up and Monday daily frame showing that indecision between buyers and sellers and following days Candles look like three black crows were forming which is clear indication that possible direction is towards downside and or it may be stay flat
- option sellers was trapped in todays last 60 mins sessions both in NIFTY and BANKNIFTY
- however banking stocks were out performed today and throughout the day banknifty holds the nifty
- IT sector was continue to Bleeding
- Mainly paint stocks were damaged market due to increasing crude oil which is now trading at 7Y high
- Rise in crude oil is definitely concern for every manufacturing and import , export companies
- GOLD prices and 10Y bond Prices were increasing which is indicating that some of investors were transferring money from equities to safer and less volatile assets
- For NIFTY 18050 - 18100 is very important zone to hold if it breakdown these levels or if closed below these levels then definitely market will enter into consolidation zone due to some concerns like raising in crude prices , 10Y bond , GOLD prices
regards - Agasthya
