A complete “U” turn from the benchmark Nifty50 as it fell close to 2.5% in today’s session. No respect for the immediate support of (11,780-11,800) as the index cuts through and retraces gains of past six trading sessions. Thanks to this sharp sell-off one aspect is now confirmed - our rising channel has yet again proven itself as a strong source of resistance.
Considering the underlying momentum with which the index sold-off today further slide towards (11,570-11,620) is very much a possibility now. As I was saying yesterday - keep your seat belts fastened as we head for some volatility.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.