Good Evening guys, Keval here.
Nifty Analysis:
Today market opened at 10,740.05 and made day low of 10,733.05 and it was in bearish mode only. After that, in afternoon it made high of 10,805.05 (10,800 seemed to be resistance today and it broke resistance which was false breakout as I explained in my last video) and closed at 10,769.15
So let summarise what happened today.
In Morning hours, Nifty was week only so people started shorting nifty and suddenly whales entered the market so they uplifted the market and people lost money. In afternoon when market broke resistance level, people started buying nifty and again they end up loosing money. So today it was bad day for traders, but fortunately we made profits.
Sentiments for Tomorrow.
Sentiments for tomorrow are negative only.
Nifty broke 9 day EMA and closed below 9 days EMA, which signifies bear market
Even MACD indicator (Which is one of the most reliable indicator and most used among traders) showed bear market ahead.
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till then have a safe investment.
