On 12th July after break down of 15751 level in 5 minute chart Nifty broke 15700 but it has taken support from it's support zone of 15648 and previously Nifty has taken support from this level too.
So now Nifty have to break it's 15648 level for further correction.
On 13th July Nifty may test it's 15751 level (upto 15800).
Global market effects making Nifty to open gap up or gap down. As of now Global market sentiment is positive but not that much.
DJI is trying to touch it's life time high again.
At the time of publishing this SGX Nifty is trading at 15784.
DAX Index touched it's lifetime high and closed with a negative candle near it's lifetime high.
DJI and DAX showing reversal pattern from top, whether they give breakout or reverse from their top, we will know that tomorrow.
So what to expect on 13th July 2021?
Nifty may open gap up, because of global market sentiment. I'm expecting Nifty to stay sideways until European market opens. From 12.30 to 1.30 we will know whether Nifty will go up or come for selling.
So now Nifty have to break it's 15648 level for further correction.
On 13th July Nifty may test it's 15751 level (upto 15800).
Global market effects making Nifty to open gap up or gap down. As of now Global market sentiment is positive but not that much.
DJI is trying to touch it's life time high again.
At the time of publishing this SGX Nifty is trading at 15784.
DAX Index touched it's lifetime high and closed with a negative candle near it's lifetime high.
DJI and DAX showing reversal pattern from top, whether they give breakout or reverse from their top, we will know that tomorrow.
So what to expect on 13th July 2021?
Nifty may open gap up, because of global market sentiment. I'm expecting Nifty to stay sideways until European market opens. From 12.30 to 1.30 we will know whether Nifty will go up or come for selling.
