Estimates for 22nd June.
The open of today is outside of value but in range. The levels I am watching are 5325 and 5354 and beyond this are 5298 and 5378. Value for today in the Nifty is 5377-5365-5354 and in the Bank Nifty it is 9777-9756-9694. ————— 13.42 Uploading a chart of the Nifty future for the past […]
EOD update 21st June
A quick comment on the Nifty action of today. I had noted the action of today to form a “p” shaped profile. We have seen earlier how a “b” shaped profile results in a stalling of an upmove. A “p” shape on the other hand can be a pre-cursor to longs unwinding in a stock […]