Nifty keeps falling today after the flat opening fails to sustain above 5075. VWAP @ close is 4983. Nifty closes at 4944.
1) Below the expected support level of 4920, Nifty could now fall to 4875-4830. Nifty has closed near the lows of day and the downtrend could get accelerated by a gap down.
2) Above 5000-5020 will be the levels of recovery/reversal for Nifty tomorrow with gap up opening and support is regained at these levels. Happy trading :)
No comments:
Post a Comment