Today we hanged most of the time above 5k and amazingly closed above 5k too as per adjusted closing!!!!
Morning we got a nice pullback exactly around 4980s levels as suggested in last post a perfect V shape reversal that I expect from my calculated support levels. The most painful thing for bears is that we closed above 5k which is quite surprising. Falling levels did tempted to give a buy but its not quite wise to go against the trend but as things pans out in evening jobless claims data of US is amazingly positive and hopefully we can see a nice rally in the morning trade tomorrow. Any closing above 5040 levels will take up Nifty to some new untouched levels for this season so watch for that.
Hope you liked reading it.
Happy Trading!!!
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