Good Morning !!NIFTY may open negative to gap-down. Two scenario may appear:
1. After opening negative to gap-down it may immediately fill the opening gap and trade in volatile narrow range
2. After opening negative to gap-down, it may trade for time correction rather price correction and price may come down further after time correction.
5956-5970 becomes important level in the downside where as 6020-6045 becomes important level in the upside.
Wish you happy trading !!
1. After opening negative to gap-down it may immediately fill the opening gap and trade in volatile narrow range
2. After opening negative to gap-down, it may trade for time correction rather price correction and price may come down further after time correction.
5956-5970 becomes important level in the downside where as 6020-6045 becomes important level in the upside.
Wish you happy trading !!
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