NIFTY - NEXT MOVES

מעודכן
Its been quite a volatile last few days - too may GAP UP / GAP DOWN , decisive bars but still no clarity on direction. Let us look at global markets to understand this in a better way

Dollar Index on important levels - can breakout or breakdown - chances of breakout quite high

תמונת-בזק

US treasure bonds rising again - Though personally, I feel last time it was an over-reaction of the global market due to rise in bond yields but yet, the fact remains global markets are reacting promptly on rise of bond yields

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US DOW futures are facing a good amount of downside pressure.

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NASDAQ composite also showing weakness

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what do we make out of this - my take is - global markets have started retracing from higher levels, definitely some weakness but early to say its a reversal from the top for a short term. we may see some downward pressure on NIFTY in the coming days, so maybe it will fall or consolidate for a while

watch out for the levels mentioned in chart and that GAP zone. Nifty behaving around those levels will give a decent idea

Happy Trading
MSK
הערה
NIFTY today low as of now - 14862 :) , lets see if it bounces back from here or fall further for filling GAP in coming days
Beyond Technical AnalysisbondsdollarindexDOWnasdaqNIFTYSupply and DemandSupport and Resistance

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