NIFTY Daily Chart Technical Analysis
(Each candlestick represents one daily of stock market activity)
NIFTY closed +50 today and displayed an upward marabozu candle with decent volume, but it still is below the resistance line at 5950.
That is the level to watch out for.
If it hits 5950, then that would be a good time to play short if the volume lowers and the bar turns red the next day. But in case it goes above 5950, look for the intensity of the breakout before taking a long position in the market
NIFTY Daily Chart Technical Analysis
