MARKETS LIVE: Key things to track before trading begins on Dalal Street
In the period of December 6, 2017 to December 11, 2017, Nifty recovered sharply from 10,033 to 10329 in the span of just three sessions. However, lower top and lower bottom formation is still intact on the Nifty daily chart, indicating the profit-booking taking place on rise. on Wednesday, Nifty corrected more than 80 points, which does not indicate any change in a trend but we need to observe if Nifty forms higher bottom or not. Higher bottom above 10,030, followed by higher top above 10,329 would violate the bearish setup for Nifty and in that case we may see Nifty forming new all time high above 10,490. Any level below 10,033 may create further panic.
8:48 AM Asian markets
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