As, on Friday nifty closed without breaching the value area I had marked in my live update, I had a strong bias of nifty continuing its up trend. But, market had other ideas which I could not anticipate in advance, only experience can teach me that. After having flattish opening today, nifty was giving me a hope to protect the value area, but soon it breached it and consequently went on breaking 2 days lows. Although nifty is still in support, I must declare that I am not now confident about what is happening or what is going to happen. So, would like to wait till further clarity. Still over all structure is not bearish and I would not prefer to short positional.
As I am not clear about what has happened and what is going to happen, will post a neutral view....
As I am not clear about what has happened and what is going to happen, will post a neutral view....
