NIFTY UPDATE
1.Yesterday we recommended to hold short with sl of 6095 .(After market analysis )
2.Today we have open = low on daily time frame which indicates bullishness at least for that day or till it get brake , and we witnessed the same ie . today's low 6070.90 was protected through out the day .
3. above 6095 there was triangle break out on 60 min time frame and confirmation of double bottom on RSI 60 min time frame
4. At 6150 we again recommend to sell with sl of 6160 , which also got triggered
5. Now we can see negative divergence is developing on 60 min time frame with contracting bias , indication of correction .
6 . So below 6175 we can see correction till 6139-6131 , as now 6129.35 is important low below which 6095 is possible .
1.Yesterday we recommended to hold short with sl of 6095 .(After market analysis )
2.Today we have open = low on daily time frame which indicates bullishness at least for that day or till it get brake , and we witnessed the same ie . today's low 6070.90 was protected through out the day .
3. above 6095 there was triangle break out on 60 min time frame and confirmation of double bottom on RSI 60 min time frame
4. At 6150 we again recommend to sell with sl of 6160 , which also got triggered
5. Now we can see negative divergence is developing on 60 min time frame with contracting bias , indication of correction .
6 . So below 6175 we can see correction till 6139-6131 , as now 6129.35 is important low below which 6095 is possible .
