Nifty found support @ 7950. It touched 7950 and bounce back three times. Will Bihar election result impact nifty? Don't know...
Nifty made a Dogi candle on Friday with huge volumes. May be participants excepting a bounce back or it would be a trap from the operator.. Who Knows? i am NOT smart enough to know that..
Monday would be the crucial day for the market..
Comments
pai56kota
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In my view, since BJP failed to come to power in Bihar, Market may bounce back around 8300-50 and form double top, then may come down around 7540-50.
IlyasShaikh
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Sorry @pai56kota... I'm NOT smart enough to answer your question.
pai56kota
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Dear Ilyas Shaikh, I have expressed my view. Even otherwise, Nifty is forming head and shoulder pattern. it will slip to 7540 level or even deeper.
IlyasShaikh
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Yes sir.. Now you can expect more downside.. Because crucial support level is broken.. Thanks to poll result..
AMBRISH
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I agree with you. i will buy if it open with gap down.