Nifty Watch:- Today Nifty opened at 5335. As budget is coming today the Nifty consolidate in staring period. During the day Nifty made a high of 5498 with a gain of 163 points to its open. From this level nifty falls quickly and made a low at 5310 with a decline of 188 points to its day high. Finally nifty closed at 5343 with a gain of 8 points to its today’s open.
Nifty made another Doji today. This means that the uncertainty is still there in the mind of the bears.
Trend:- The short term trend remains up. The Intermediate trend remains down, with the Nifty trading below its 200 days and 50 days moving average. TA Insync(55-5) is above the level of -45 and moving down. This indicator is suggesting a downside momentum.
Summary:- Today’s market saw a volatility in the trading. Market trading between the ranges of 180 points and closed near to its open. This suggests that the market is in uncertainty. This also indicate that a big move about to come.
No comments:
Post a Comment