NIFTY starts to attract magnetism towards averages; it has showed a knee jerk reaction in price towards the close of the current bar. Value zone at 5072, yet far away from current price. There is a possibility of intersection in the coming hours, but the pattern should have a clear flow unlike holding to higher levels again.
Trend trades hold on to stops as the position is safe so far. Swing trades need more wait.
No comments:
Post a Comment