NIFTY should move on from this ELECTION outcome till tomorrow,
and focus should shift back to technical setup once again.
MARKETS are still highly voletile and thats understandable after what happenned yesterday.
Yesterdays carnage had flagged few authentical questions on the credibility of the long term BULL-MARKET in INDIAN INDICES whether Yesterdays fall was a one off or is this something which would convert into a trend?
thats something we would come to know in next few days.
with the break of 21700 yesterday setup is shaping up for a medium term decline but to conclude that i would still prefer to wait for some more evidence
Atleast i would wait for a daily close below 21700.
for immidiate term until this dust settles i am looking for a wide range of 22500 on upside and 21600 on downside.
If you have made decent profits yesterday then avoid Taking trades on INDICES.
gann,insides 