DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk..
CNX NIFTY 5,735.30 -97.90 -1.68 %
NIfty has closed below 200 dma of 5751.Another 1-2 day close below this average will make NIFTY bearish.Wait for pullbacks to short. 20 dma is at 5800.Sustaining and closing above 5751 tomorrow may do away with the bearisness for the time being.
BANK NIFTY 9,617.80 -281.95 -2.85 %
Bank Nifty was already bearish.Today it broke down with a gap.Short on pullbacks to 10300 with that as a stop.
CNX NIFTY 5,735.30 -97.90 -1.68 %
NIfty has closed below 200 dma of 5751.Another 1-2 day close below this average will make NIFTY bearish.Wait for pullbacks to short. 20 dma is at 5800.Sustaining and closing above 5751 tomorrow may do away with the bearisness for the time being.
BANK NIFTY 9,617.80 -281.95 -2.85 %
Bank Nifty was already bearish.Today it broke down with a gap.Short on pullbacks to 10300 with that as a stop.