Nifty Future chart August Series :
Perspective : With all the news based triggers out of the way- this market would be back to technical and inherent strength and weaknesses.
Back Ground :- A normal distribution on Friday as the market waited for new information.
Chart Speak :
– Another bell shaped curve.
– High volume node at 5553 to slow down action if there is a big gap up.
– Beyond this PR2 at 5570 will resist the upmove
– PR3 is 5608 and stop loss level for all shorts
– Prominent POC is 5490 from a bell shape and will be an important ref point if not visited today
– high of friday at 5529 and pr1 at 5532 will be useful reference points for a gap-up.
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