Pre-open Tech view of Nifty Spot

By a Staff Reporter: Basically News driven War is going on, complete uncertainty.
Range Bound and volatile trade to continue in coming sessions.
Better stay neutral on the long side.

Yesterday Nifty though closing basis corrected only 18 points & settled just above 17300 but through out the day maintained a choppy with high volatile session struggling to cross trend line hurdle 17450 & 13-20 DMA cross point 17400 & ultimately formed a small bearish candle with minor upper & lower shadow on the daily chart. Intraday low was 17236.

There are back to back same small negative candle pattern for consecutive basis last 2 sessions which indicates further chances of formation of another high wave type candle.

Nifty for coming session expected choppy range is 17150 to 17450 where technically mid pivotal fig is 17330.

Source : Eureka

Please register at https://kyc.eurekasecurities.net/home/index/729 for opening Trading and Demat Account.