Yesterday was the first sane trading day after the circuit day. Lot of short covering seen initially as well as profit booking from longs and markets settled at the previous session close.
There was heightened volume seen. The doji certainly signifies indecision and market can move either side.
It is facing resistance at 4500 levels and support is seen at 4200 levels. A break below the day's low and a retest of 4000 levels is certainly on the cards in a couple of days, but will it break the high and scale new peak is what needs to be watched now.
It is certainly unsafe zone to enter either side now and it is better to sit and watch for some more time. The dust has certainly not yet settled.
-
Happy Trading
www.tripleint.com
-
Happy Trading
www.tripleint.com
No comments:
Post a Comment