ALL TRENDS ARE UP AND NIFTY IS TRADING IN THE RANGE OF 3600-3680 FOR THE LAST TWO DAYS BUT YESTERDAY DAILY CHART IS SHOWING DOJI FORMATION AND SOME STOCKS INTRADAY CHARTS ARE SHOWING SELLING FORMATIONS AND IF FOLLOW UP SELLING COMES TODAY THEN 3600 WILL BE BROKEN DOWN AND A SHORT TERM DOWN MOVE WILL BE SEEN.AFTER GOOD RALLY ALMOST ALL THE GLOBAL MARKETS HAVE BECOME RANGE BOUND AND A SHORT TERM DOWN MOVE IS ALSO POSSIBLE IN ALMOST ALL THE GLOBAL MARKETS WITHIN NEXT 2 DAYS.
AFTER FLAT OPENING NIFTY WILL FIRST TRADE BETWEEN 3600-3680 AND FIRST BREAKING DOWN AND SHORT TERM DOWN MOVE POSSIBILITIES ARE MORE.RED CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)
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