Good morning friends,
Nifty as rebounded from lower levels but sold again at higher levels. Eventually it closed on weak note only. If I can see the change on the chart, it is RSI.
It is definitely interesting to see how top is going to shape up today. I am expecting a gap up opening. If this gap up sustain then a target that should be reachable 17800 and then 17950 levels. Well, when I am writing this I am expecting too much from market.
Market need fresh money to reach those levels. Nifty has almost filled many gap up trade with this recent fall.
Will the new all time high come again?
I have no clear cut answer now. Longer it sustain below 18000, lower will be the chance. So by this of trade if this can move above 18000 then we can think of.
Happy Trading.
