Remarkable end to April ...
Seems like we are on the Cusp of a Sell off ... On friday we have seen without any bounces Nifty Manged a Good Neagative Bias. The recovery that we saw in the end was just the intraday covering of short owing to the range bound nature of market at present.
For tomorrow resistance lies at 5767 NF Above which we may see 5816 . Bullishness only above 5816 for target of 5885. On the contrary Below 5750 we may see 5680 - 5640. At 5640 A short term bounce may happen where we can buy with small SL of 20 points. This may be a Low risk high reward Trade.Vice versa Close below 5640 may invite all round panic till 5400 - 4800. Also May be below 5640 the Dreaded 5th Wave may take its toll on market.
All in All the Next week too i see the range between 5640 - 5890.
Stay Short only .....
Seems like we are on the Cusp of a Sell off ... On friday we have seen without any bounces Nifty Manged a Good Neagative Bias. The recovery that we saw in the end was just the intraday covering of short owing to the range bound nature of market at present.
For tomorrow resistance lies at 5767 NF Above which we may see 5816 . Bullishness only above 5816 for target of 5885. On the contrary Below 5750 we may see 5680 - 5640. At 5640 A short term bounce may happen where we can buy with small SL of 20 points. This may be a Low risk high reward Trade.Vice versa Close below 5640 may invite all round panic till 5400 - 4800. Also May be below 5640 the Dreaded 5th Wave may take its toll on market.
All in All the Next week too i see the range between 5640 - 5890.
Stay Short only .....
