Nifty opened gap up.
Did not sustain the move and closed near its low.
Though it managed to open above the support turned resistance zone i.e 15600-15800 and also managed to close above this zone.
Now for tomorrow, how the market would open would decide the trend for the rest of the day.
Gap down opening- could take nifty towards 15600 levels.
Flat opening - the market might test today's high.
Gap up the opening - the market may trade choppy.
Did not sustain the move and closed near its low.
Though it managed to open above the support turned resistance zone i.e 15600-15800 and also managed to close above this zone.
Now for tomorrow, how the market would open would decide the trend for the rest of the day.
Gap down opening- could take nifty towards 15600 levels.
Flat opening - the market might test today's high.
Gap up the opening - the market may trade choppy.