on weekly chart its forming shooting star .(bearish)
fii have brought 1100 cr cash i.e supportive or not so bearish .
dollar is moving up again ,a concern for indian markets
till now it has respected the trend line that is good .
RSI indicates that it has still not in bear mode as we can see rsi is also above 60
MY VERDICT:
its time to see price action.
if it remains above trend line we may see a sideways market .and it will be healthy in uptrend .
longs should be taken after 17960 crossed with good volumes .
shorts are good choice if it beaks 17600
thank you
comment what is your view . in short
fii have brought 1100 cr cash i.e supportive or not so bearish .
dollar is moving up again ,a concern for indian markets
till now it has respected the trend line that is good .
RSI indicates that it has still not in bear mode as we can see rsi is also above 60
MY VERDICT:
its time to see price action.
if it remains above trend line we may see a sideways market .and it will be healthy in uptrend .
longs should be taken after 17960 crossed with good volumes .
shorts are good choice if it beaks 17600
thank you
comment what is your view . in short
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.