TO GET SUCH CALLS LIVE JOIN US NOW WHATSAPP 9039542248 OR FILL UP THE FORM GIVEN HERE>>>>
Bears
continued to grip the markets in Tuesday’s session also as crude oil prices
continued to gain in the aftermath of drone attacks on Saudi Arabia oil
establishments. A poor set of macro data from China also further hit sentiment.
Nifty came below 10800 mark. After opening at day’s high level 11000 nifty came
down to 10796 & finally closed at 10817 down by 186 points. Sensex tumbled 642
points lower at 36481.
Now in the coming days
global cues like Saudi Arabia oil establishments would dictate the market trend
ahead. Nifty formed a bearish candle on
the daily chart amid sustained selling interest for most part of the session. The
bearish pattern on higher time frame is playing out on lower timescales as
well. The evolving pattern indicates incremental weakness. The index could retest
its recent swing low of 10755 and any incremental selling may drag it to 10700.
Going ahead, 10915 will be crucial for any up move. However, if Nifty trades
below 10800 consistently, then it can approach the previous panic low of 10650.
More about intraday tips on Google +
Resistance: 10915, 11000
Support: 10755, 10700
No comments:
Post a Comment