Nifty 18042 - Volume study of selling volume increase with price raise suggests market players were exiting positions. Market data confirms the same. We expect the retail sellers will be panicked by market players before any fresh buying . Our expected current target for Nifty is 17880.
Comment:
trade entered : 17900 CE @ 270 @ 11:54
Comment:
Trade entered : 18000 PE @ 198 @ 12:42
Comment:
No buying interest and volume decrease.. Probably a panic sell off could be triggered by Market player taking Nifty to 17840
Trade closed: target reached:
Nifty @ 17840