NIFTY Opened gap down because of negative news.1. It filled the gap.
2. Then it fell down to create low of the day.
3. NIFTY did not have great breadth. Bank NIFTY was down 3%
This type of action likely to continue. Hence I am holding short positions on NIFTY going to the next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.