#INDEX#TREND
Nifty - Will take support ?
Bank Nifty - Unable to push down further
NIfty IT- Unable to sustain Higher Low formed for now
Nifty Realty - Struggling to move Further High
NIfty FMCG, Pharma, Metals , Auto Trying to Sustain Brekaouts
#NIFTY#daytrading
Now Nifty corrected approximately 9.8% from ATH (18604.45 - 16782.4 = 1822.05 points) which is highest correction post COVID rally. Also 16700 acted as support. Now Nifty closed 17500 (2days) above after 11 days.
Now next rally could start to reach 17805.
@Trader_souradep It is not just because of only virus. Multiple reforms which made easy swallow small money by big money. Also as seeing heavyweights targeted to sell.
Seems current selling after some consolidation compare previous selling. May be above this box range only Short Covering could be speed up or else as range 17284 could act as Resistance
#Nifty All i can see is hidden buying from 17200 till now. With this heads up if we wait patiently and time the long. One of the best money going to be made. The setup could be a flat/Gap up open price auctioning comfortable above morning highs. Will wait for that big SC move!