Bearishness on weekly charts has gained more strength. There is a pull back to value in progress. No long trades at this moment in Weekly or daily. Monthly chart has support at 4570-4330 levels. Moves to these levels are likely. Intraday charts show bullish strength. A likely chance of reaching 4900 resistance is eminent. But, there is no possibility of straight moves. Nifty will take time and sideways moves for few days to reach good short signals.
Wait for a good opportunity to short.
No comments:
Post a Comment