Monday, 14 January 2019

NIFTY TREND

As rightly predicted yesterday, Nifty moved down below 10730 and closed at 10737 after  touching a low of 10692  during the day.

Bank Nifty too took support near 27180  and closed around 27250.

Chart signals sideways move  during the next two days, whether you call it Brexit  effect or Crude or China Macro data.

We look for some  more  downside in the CEs. 

Remember my number, 10940.  Unless this number is broken decisively , index likely  to be range bound. 10621-10832.

Good Luck!

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