NF punching op & high 15774.95 & instant low 15701 – that is actually opening . Initial correction continued upto 15510 in 1st leg of session. Then continuous basis “V” shaped bouncing & pulled back 78.6% of the fall from 15774 to 15510 i.e. around 15717. NF pull back high 15724. Cmp 15706.
As Nifty not took any stoppage at 15700 initially – so buying not executed.
Break down sell executed below 50dma 15660/70 level & Tgt 15888 not only tested but also broke upto 15510.
Remarks:- Volatile move as expected & down side all swing tgt made & then formed a long tail hammer type candle which implied support at 15666-15630 but barrier further at 15777 & 15800/820.
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