Day Trad­ing Guide

The Economic Times - - Smart -

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.

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