📊SHORT MARKET UPDATE📊
As expected we got that rally. I said previously either it's 5 or 7 red candles after which that happens. So it's 5 here now. Tomorrow you can expect it to continue till 17600. It has to be seen if it sustains above that. It will lead to another round of short covering.
Today's up move was due to DIIs buying heavily plus short covering.
Some analysts are confident that we have reached the low for this year. I have a different opinion. Pushing below 17000 is likely as per my analysis.
As expected we got that rally. I said previously either it's 5 or 7 red candles after which that happens. So it's 5 here now. Tomorrow you can expect it to continue till 17600. It has to be seen if it sustains above that. It will lead to another round of short covering.
Today's up move was due to DIIs buying heavily plus short covering.
Some analysts are confident that we have reached the low for this year. I have a different opinion. Pushing below 17000 is likely as per my analysis.