April 18 Market Analysis (NSE)

Nifty had a light up day with smaller daily range. Usually when market breaks above the resistance line with smaller range and closes below middle of the bar and also with light volume, market usually reverses back to below resistance line and wait for move up.... because this kind of moves shows that market is still not ready  and may need to come back to get quality demand

I do see positive momentum building in this market and many stock started making moves.....

I expect this  is going to be a big move in the market..... for immediate move.... I believe Nifty will come below resistance before shooting higher