nifty has retraced only 38.6 percent of the recent last leg of rally from 9544 to 10553 there after it has bounced on friday.
conclusively it is difficult to say nifty will fall immediately.
nothing such appears from the chart
of course what has happened in usa stock exchanges if I look in to that I will be little biased to say down fall of nifty has started.
observing these two days moves of nifty has compelled me to think the other side too,
I would like to see the conclusive move of nifty breaking low of Thursday then there is possibility of nifty going down side.
let us wait and see. hence I myself won't go for shorting nor ask any body to do so.
conclusively it is difficult to say nifty will fall immediately.
nothing such appears from the chart
of course what has happened in usa stock exchanges if I look in to that I will be little biased to say down fall of nifty has started.
observing these two days moves of nifty has compelled me to think the other side too,
I would like to see the conclusive move of nifty breaking low of Thursday then there is possibility of nifty going down side.
let us wait and see. hence I myself won't go for shorting nor ask any body to do so.
הערה:
same stands for bank nifty too where the fall is 50 percent of recent rally.
הערה:
little divergence is there between price and oscillator it is slightly negative.
