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It’s better to avoid taking long positions now
As VIX is also rising, there may be some wild moves on the downside
Range-bound trading for Nifty
Benchmark index forms Hanging Man candle and closed above 34EMA
Sensex forms Double Top formation
Charts indicating further weakness from current level
Nifty likely to take bearish path
It made a negative close and formed Shooting Star kind on Thursday and also on weekly chart
Nifty forms another bearish engulfing candle
The Nifty declined on a derivative expiry day and snapped the two-day positive bias.
Profit booking likely in 18,000-115 zone
Despite presence of negative divergences on lower time frames, lack of momentum on 75-minute chart, still there are NO weakness signs in any time...
Uptrend texture likely to continue
Higher bottom formation on intraday charts indicating short-term uptrend
Fresh bullish signal on Nifty chart
Even though it declined below the 8EMA at the opening, it recovered sharply and erased all the negatives
