On Std Param, Price below Tenken / Kijun. Price action continues to be above the clouds. Chikou span trending up. Span A flat at 5873 & Span B flat at 5520. Possibility to touch 5520 exists
On short param, price action below clouds is bearish. Tenken at 5902 & kijun at 5981. Immediate resistance at 5750 & 5830. Chikou span trending up. 50 DMA 5520 is very close. Breaking of 50 DMA will crash land nifty to 5200 levels....
1 comment:
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