A very good volatile
trading session was witnessed today, nifty future had good start at the level
of 6765 later it dropped till 6705 in noon session again marched to end in
6761.We got our second ever Nifty close
above the 6700-mark and also another record high at 6765 ; the latter is
happening every day for the last six sessions consecutively—it’s as if we have
grown habituated by it. So far, so good! Now, the first sign of the
bullish armor is visible today it’s a bearish pattern but it needs follow on
selling. We ought to understand that this suggests a probable sell off in case
we sustain below 6670 on good volume activity. However, so long as the level of
6650 is held, the bulls can again push it up higher. Tomorrow nifty
level of 6775-6790 is to be monitored .
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