- this week nifty traded in a range within previous week's bar
- note that last week's bar gave a good breakout and close above 8300
- but this week there was no follow thru buying
- we have strong resistance around 8500-8600 level
- next week, close below 8200 can mean trend reversal and retest of recent lows
- note that last week's bar gave a good breakout and close above 8300
- but this week there was no follow thru buying
- we have strong resistance around 8500-8600 level
- next week, close below 8200 can mean trend reversal and retest of recent lows
No comments:
Post a Comment