MARKETS - ARE GETTING READY FOR A BIG TREND


Today, the markets were moving sideways without making a huge move on either side. It could be seen as a consolidation happening at the lower levels but very CRUCIAL levels.


What can happen next?

I feel the next two days are very crucial and a good breakout or breakdown can happen. 

Something is brewing. Be ready!

Nifty is trading in a narrow range between 17100 to 16950 levels.

If the market is moving sideways for one more day, then the Expiry day can be a very trending day. 

If Nifty tests 17100 levels tomorrow or on Expiry day, and holds it for sometime, I guess we need to be ready for an upward trend. It would mean a true Expiry for the Short sellers!

If Nifty hovers around the lower levels, then the possibility of a breakdown is high. But I would not expect a huge trend on the downside. This I feel is because Buying pressure is seen at the lower levels and already the Short sellers are in good profit and would look to exit their positions at lower levels causing a reversal.


Overall

I am expecting a trend reversal soon. Some buying pressure is expected, before the selling resumes again from higher levels. 

Probability of a Breakout is higher compared to a Breakdown.

What do you people feel? Do you expect the same or the trend to continue on the downside? 

Post in your comments!



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