We had a weak close yesterday but
after a good recovery from the low and making a lower tail, we were expecting a
good bounce. It failed to bounce & sustain today. There was no follow up
buying today. Today’s close is at 6112. The upward movement can take place only
& only if it crosses and sustains above
today’s high i.e. above 6135.
As of now, still the bias is
negative and we should look for shorting opportunity, of course with proper
& strict Stop Loss. We might test the low again and might see the levels
around 6000 once again, rest of the levels & trade can be discussed later
when we are at those levels.
No comments:
Post a Comment