From the chart it is clear that since last few trading sessions Nifty is bouncing back from the day's low as seen on 11th Jan, 13th Jan and 14th Jan (today). Even on 13th Jan Nifty opened gap up in the morning after making lower lows on 12th Jan. This behavior of Nifty like a bouncing ball indicates a bottom forming and further change in trend. Although it may be too early to say that uptrend may start because as per the chart Nifty is in down trend so far.
No comments:
Post a Comment