NIFTY Swing & Short Term context
NIFTY Futures we have formed a low at a crucial profile reference for the year.
10800 remains as a nice profile region.
1. Core scenario -Hold of that we will look to test back to 11050-11100 range. Ideally that should hold and we will likely consolidate in this region before a break out happens
2. Hold into 11050 we will look to rotate higher to test 11300-350 regions
3. Break below 10800 we can rotate sharply lower to test 10300 levels
From the above context we will expect markets to hold yday lower and look to rotate higher for a pullback play.
10800 remains as a nice profile region.
1. Core scenario -Hold of that we will look to test back to 11050-11100 range. Ideally that should hold and we will likely consolidate in this region before a break out happens
2. Hold into 11050 we will look to rotate higher to test 11300-350 regions
3. Break below 10800 we can rotate sharply lower to test 10300 levels
From the above context we will expect markets to hold yday lower and look to rotate higher for a pullback play.
Comment:
Chart to the right, near perfect play :)