Thought market raised from low to 2925 but could not come to positive zone and fallen further to lower level to close at nifty 2894. Bullish steam failed. 2800 puts -13 lacks and nifty future is also -ve means bullishness came down.
Technically to speak that market is to fall further but may or may not take speed in fall. Stochastic is turned down from over bought. Just short and wait stop loss 2940. But markets may fall only after nifty falls below 2850-2800. It should happen with in two trading days.
But if market takes support at nifty 2855-2830-2800 and bounce up crosses 2900 then it is sure market crosses 3050-3150. Let us wait and see what happens.
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