Nifty future finally closed at 6232.55, Today's low was 6209.4 , very close to my given level( below 6241, 6207-6202).
What happened today---
1. NF closed below 7 EMA in daily chart.
2. NF closed below 7 EMA in hourly chart.
Now if NF can manege to climb up and stay above these level Tomorrow --
6239-6247 --- 6249-6259--- 6260-6270.
If NF can stay above 6270, and can trade above for 30 minutes then only we will assume that a bottom finished and NF is going for next up move
Other wise it is now a sell on rise, Though i think we are very near to bottom ( or bottom out).
Down side below 6202 i am looking for is --
6193-6187.
And below 6180, NF can try to test 6151 and below this 6130-6121.
But not expecting such a deep correction. Lets see...
No comments:
Post a Comment