Day Trading Guide
Currently, the index is in the overbought zone, and Doji candlestick pattern on weekly charts with overbought daily stochastic cycle indicates high chances of short-term price correction from current levels. For the next few trading sessions, 8800 should decide the trend level. If Nifty manages to trade below 8800, we can expect a correction till 87008650. However, sustenance above 8800 mark will trigger a fresh short-term rally, which can extend to 8900 -8950.