Already mentioned many times it will face Hurdle at 5168-5208 level-For short Term Traders.
This is a corrective rally from High of 6336 to 2228 :Maximum will zoom to 5309,5566 level.
What to expect Today ?
If not crosses YESTERDAY’s high then I think ….Nifty Future will slide to kiss 5089-5077 level in panic.
7DEMA :5064…Very crucial support.
Now suppose breaks and trades below 5077 with volumes and trades for 5/10 minutes then watch Horror show.
-Nonstop slide upto 5039-5027 level not ruled out.
Hurdles :5140 ,5168 level.Crossover will create huge unexpected short covering.
This is a corrective rally from High of 6336 to 2228 :Maximum will zoom to 5309,5566 level.
What to expect Today ?
If not crosses YESTERDAY’s high then I think ….Nifty Future will slide to kiss 5089-5077 level in panic.
7DEMA :5064…Very crucial support.
Now suppose breaks and trades below 5077 with volumes and trades for 5/10 minutes then watch Horror show.
-Nonstop slide upto 5039-5027 level not ruled out.
Hurdles :5140 ,5168 level.Crossover will create huge unexpected short covering.
