As i have been telling you about my view on the market is bearish for short term.
Market has broken yesterday's low and even the important support of 5600. Now it will break 5580 and then the weakness can continue. If all the longs get unwind now, we can see even fresh shorts built and market can even break the most important support of 5550.
As long as market again does not go into consolidation, market looks quite bearish. And 5550 will act as important support in near term.
Market has broken yesterday's low and even the important support of 5600. Now it will break 5580 and then the weakness can continue. If all the longs get unwind now, we can see even fresh shorts built and market can even break the most important support of 5550.
As long as market again does not go into consolidation, market looks quite bearish. And 5550 will act as important support in near term.
No comments:
Post a Comment