Wednesday, 9 March 2016

Wait and watch!!!

Personal View : Mayur Shah Education Instructor
Yesterday Nifty surpassed 7500-7520 however unable to sustain above these levels and closed below 7500 mark. Also it dint break the crucial support of 7445-7440.
Yesterday's candle on daily chart is a Rickshaw Man candlestick pattern, Its a indecisive Candlestick pattern. A break above yesterday's high (7520-7530) or below yesterday's low (7442-7440 levels) will decide the further market trend.
A break above 7520-7530 will lead nifty to 7560-7610 levels and a break below 7445-7440 levels will be negative with supports near 7410-7400-7380 levels.
Bias will be wait and watch and let price tell us the direction it want to go.
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Regards,
Team ATC.

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