Last 5 candles- All are rejections
Two Gapdowns
One Bearish engulfing(technically not)
Last candle - Gap UP with hammer.
All this indicates weakness.
Open below 10185:
Nifty may fall to 9950, 9900, 9850
Open above 10300:
Nifty may test 10420, 10580
Note: Lesson learnt from market- never trade based on hope. Just trade with market direction and respect your stop loss and research your entry point.
Two Gapdowns
One Bearish engulfing(technically not)
Last candle - Gap UP with hammer.
All this indicates weakness.
Open below 10185:
Nifty may fall to 9950, 9900, 9850
Open above 10300:
Nifty may test 10420, 10580
Note: Lesson learnt from market- never trade based on hope. Just trade with market direction and respect your stop loss and research your entry point.