Bulls Losing Their Grip: Need to Reclaim Lost Ground!!
On Friday: The Nifty, plunged 103 points amid weak domestic and global cues. It settled the week at 10123 and made a solid real body, red candle on the daily chart as well as weekly chart. The Index broke important support levels in two sessions and support has shifted lower. As We said in our last note, If it sustains below 10300 levels, then the Bears will take control once again. Now it is trading below two major support levels of 10300 and 10175. If it continues to trade below, then it may test 10095-10035 levels. The Bulls need to reclaim lost ground by closing above 10200 for now. Now, the index upside has... Read More