Nifty recover after today's storm , Maintain the momentum
Positive factors :
1. 2 out of 3 windows are closed
2. Respected the trend line support
3. Piercing candle
4. Slightly closed above 50% retrencement
Negative Factors:
1. 10000 level is psychological support
2. didn't close 3rd window
It was an optimistic effort by bulls, Still the price area slightly vulnerable
it is not favorable for defensive traders, enter once 10035 level gets cross
1. 2 out of 3 windows are closed
2. Respected the trend line support
3. Piercing candle
4. Slightly closed above 50% retrencement
Negative Factors:
1. 10000 level is psychological support
2. didn't close 3rd window
It was an optimistic effort by bulls, Still the price area slightly vulnerable
it is not favorable for defensive traders, enter once 10035 level gets cross