Looked very strong in morning but reversed from the 200dma. Not very bullish. However lets watch tomorrow for confirmation/continuation. We are setting up a wedge on the charts...Will it breakdown soon? Lets see. Today was also a doji...Showing indecision among market participants.
Our market could behave similarly...I will be looking to short into strength today if we get it.
5180/5190 and 5220 to watch on upside and 5150 and 5100 to be watched on downside. 5100 if breaks will be strong confirmation of bearishness.
Best.
2 comments:
yes i agree 5100 imp closing basis. btw whats 'crappola'?
:-) abhay...you know what crap means right?..basically its same as saying the market puked...all slang...nothing else!
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