Nifty Index bulls are going up through the elevator. Many traders missed this rally. And are now looking to sell.
But here’s the advice. No price is too low for a bear and too high a bull. So wait for the market to give a signal.
Now today’s price action suggests an early sign of weakness. That bulls should count.
For further up move bulls need to close above the 11925-35 resist range.
On the downside, 11815-800 is the support area. Below, its market can hit 11760/680/530 levels.
Assumptions or guess-work never helps. So first wait for the price to hold below the support range. And then take sell.
I’ve done the groundwork. Now you have to see how you can take advantage.-Divesh
Note: Above mention Price projection & other Information is for educational purpose only.