Nifty though gapped up due to the positive cues from the global markets, its made a bearish belt hold candlestick pattern on the daily, the top and the opening conciding with the R1 for the day made it a sell right from the begining.
Thus the trend has changed but it is not conclusive for anything else but a short position - that too at higher levels not here - hence its a wait and watch zone for us.
Intraday players will have lot of opportunities in this market.
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