As NIFTY is scratching the floor for support to stand and then take on its heels towards the next resistance, it is unable to close above average. Hence the short trade continues with the same stop. The current hour saw NIFTY making a vain effort to get up, but was unable to do so. While on the bear side too there has not been any visible gain. NIFTY is putting a relentless effort from giving in to bear power. Will it succeed?
The underlying strength is bullish on the Daily, but when they will put their strengths together is of high anticipation now. Until then we hold our challenging short with strict vigil on the screen for any break through.
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