Yesterday's trade was frustratingly sideways-- one notable feature was 5/10 ema bearish cross on Hour charts during the day which could not last till EOD.
My readings of market have been revealed in detail in previous two posts.
Today's global clues are negative so opening is likely to be below yesterday's low--thus continuing the lower low pattern on daily charts---
34 hr ema and 5DMA both happen to be at 5638 which is likely to be the first support.
Following trendlines also should be watched---
Stop-loss for positional shorts should, accordingly, be moved down to 5721.
EOD post:
34 hr ema holds, while opening had the impact of global sentiments,later sideways move during the day was more influenced by Series Expiry tomorrow where 5600pe writers are flexing their muscle--
My readings of market have been revealed in detail in previous two posts.
Today's global clues are negative so opening is likely to be below yesterday's low--thus continuing the lower low pattern on daily charts---
34 hr ema and 5DMA both happen to be at 5638 which is likely to be the first support.
Following trendlines also should be watched---
EOD post:
34 hr ema holds, while opening had the impact of global sentiments,later sideways move during the day was more influenced by Series Expiry tomorrow where 5600pe writers are flexing their muscle--
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