Yesterday market zoomed nearly 1.5% or 314 points and it was second day in a raw when market zoomed nearly 1000 points.
Looking at the chart market tried to hold at upper level yesterday, and tried to close upper side from the bottom of the day.
If we look at the chart yesterday market created a gap and tried to go down however bull did not let it go but today market will try to fill this gas but if bull do not loose the control then it is expected that short cover may take the price to the next level 24500 or if bear take control they they will take it to 24k level.
I will short the market only when market decisively goes below 24200 level. Going long is not worth as per risk reward but can be played with small stop loss.
Nifty prediction for 26th Nov 2024
Disclaimer:
Note: I am creating this article for learning purpose and make a data for myself. Any entry based on this will not create any liability on me and anyone/anything in concern with me.