- As expected nifty was very volatile today.
- In hourly charts nifty spot has given a pattern break out on the downside
- .However an hourly close below 10620 can only confirm that the up move started at 10360 level has ended
- .Market will be very volatile tomorrow .Immediate resistance is at 10750 levels.
- I will not be surprised if nifty moves above 10830 levels tomorrow
- As long as nifty has not breached 10620. I think long positions can be hold with stoploss
- Meanwhile if nifty breaks and close below 10620 it doesn't mean a bear rally has started.If nifty close below 10620 it will enter a range bound movement.
Wednesday, 8 July 2020
Nifty view for 9th July
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