Nifty Daily Chart
As expected nifty is consolidating . It may continue consolidating for few trading sessions. However stochastics on daily chart has given early signs of recovery and MACD Histogram is forming a flat structure. At this point of time I can only say that the free fall which we have noticed from few days is temporarily arrested.
Nifty Intraday Call :
Buy Nifty above 5168 target 5180-5200-5220
Sell Nifty below 5109 target 5098-5070-5050
(above mentioned levels are spot prices. Buy/Sell after 10-15 mins of market opening)
Disclaimer: Above mentioned calls are based on my understanding about technical analysis. Please do your own due diligence before taking them.
