Short

NIFTY IDEA FOR 26 OCT 23

Updated

Nifty is looking weak. today nifty has broken its very imp support near 19200. it has opened the level of 18887 (last support for nifty).
if tomorrow market open near today low and crosses today low which is 19080. then there may be big bearish candle for tomorrow.
No fresh position as of now. waiting pricing near support of 18887. Which may be very imp level for nifty.

Note

yesterday analysis was correct.
Nifty at its crucial level. today also bears are in power .tomorrow depending upon the opening we will decide the trade.
as there is no fresh selling from this level. because market at his very crucial support range
18829 may work as a support for 27 oct

Note

AS i have mentioned yesterday market at its crucial support. today gap up from that level it confirms some buying happening on this level (18888). Today close is not that much strong on buying point of view. i will not buy nifty on first pull back. i will wait for double bottom (W) pattern.
after its w pattern formation i will take long side position.
on monday there may be chances of side ways day.

DEVA435

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