Nifty is keep making lower low in this market. It did went below 5167 but deep buyers came in to the market and pushed the price way up till 5178. It shows some strength. I see little higher volume which can be good sign for the markets next move.
Market didn't have very strong positive momentum today which doesn't make me believe that we are done with the down days as of now.
Overbought-oversold ratio is came little down but still it is negative....
Looking at above, i am not planning to take any position until market direction is confirmed.....
Market didn't have very strong positive momentum today which doesn't make me believe that we are done with the down days as of now.
Overbought-oversold ratio is came little down but still it is negative....
Looking at above, i am not planning to take any position until market direction is confirmed.....
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