DEAD CAT BOUNCE
NIFTY 8937.75
OPEN 8929 HIGH 8949 LOW 8849
A RANGE OF EXACT 100 POINTS.
THE SENTIMENT WAS BEARISH AS MENTIONED IN MY EARLIER POST, NIFTY FELL UPTO 8849 (FROM 9119, WHICH IS 270 POINTS IN TOTAL) FROM WHERE IT TOOK SUPPORT AND BOUNCED TOWARDS 8957, BEFORE CLOSING AT 8937.
http://dipesh-majumdar.blogspot.in/2015/03/nifty-8922-open9108-high-9119-low-8893.html#comment-form
THIS CAN BE TERMED AS DEAD CAT BOUNCE.
FOR MONDAY, WE NEED TO WATCH WHETHER THE DOWNMOVE HAS ENDED AT 8849, OR THE BOUNCE BACK IS MERELY A RETRACEMENT.
TO GET LIVE MARKET UPDATES, ONE CAN REACH ME AT 9038735436
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