NIFTY
Nifty AS per chart was able to breakdown the low of 9th March week on 18th March 2020 but on very next day (19th March) it form a candle in a middle followed by strong Bullish Candle.
As per this scenario for me its looks like candle which form on 19th its show that there was some long position were made which confirms by next candle (20th March) which close with 482 points margin while VIX managed to cooled down too.
If the same setuation is continued we can say nifty will going to test the level of 9685.55 and how market reacts it will deside the trend of the future.
Somehow if NIFTY manage to breackout 9685.55 level it will make Lower High In the Range of 10742-9685.55 and we will see some supply in same area.
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Trade closed: target reached:
My expected target is done here. Now I will prefer to wait for a sign of further move.
