Nifty: Is it the silence before the storm?
Nifty action in the last 3 days... Like a Scream but sort of Silence...
It has seen some wild swings up and down but is not showing much strength... closing flat near 19774...
Is it the silence before the storm???
Is it preparing for another big movement like the one we saw recently from 20223 to 19601 a 600 odd point fall?
Right before the expiry the battle between the Bulls and Bears is heating up… Stakes are getting higher and waiting for one of them to get cornered.
Bulls need a close above 19840 odd levels to feel comfortable and Bears might get stronger once 50 day EMA is taken out....
Take care & safe trading...!!!
Nifty breaks 50 day EMA as well
Take care & safe trading..!!!