AGAIN EVENING STAR , LET US SEE WHAT HAPPENS ???
The NSE Nifty spot closed at 5610 up by 0.60% with the gap up opening and came down. In the technical side, lower indicators are very complex to judge. MACD has cut for upward movement whereas Stochastic is trying to come down after cutting downward in the over bought situation, which are really difficult to judge for next trading session. In Nifty spot, Last trading session was an evening star which shows the correction or profit booking in up coming trading session. In this trading session, 5632 will still act as major hurdle.
Happy Trading !!
Megha Investments & Research Team
