ruchasahana

ruchasahana Updated 

Markets behaviour today was in total range-bound. We saw both buyers and sellers in action. Be cognizant that the last hour selling was quick and appears like a panic sell-off. Sticking to the same view as yesterday, markets are still bearish but also be ready for a sharp recovery. On the higher time frame the pattern looks like a bear flag. Hence trade safe on...

ruchasahana

Nifty has broken the psychological level 17000 on the daily time frame and has a closing at 16932. As per the previous analysis Nifty being in bearish zone/down trend and supports mentioned were at 17020:16960;16930;16840 and resistance were at 17120;17160;17200. We have arrived at the first three target supports in our last trading session. We can anticipate...

ruchasahana

1.As per the trend line we see a rejection at 17200. 2.The last two times at the top of the trend line we saw a fake breakout and the prices came within the trend line and markets turned bearish . This time it has reached the top of the trend line and has got a major rejection. Expecting further down move from here. 3.Supports are at...