Daily Nifty Update – 1 Oct 2019 

 

Today was a highly volatile day with Nifty swinging between 11550 to 11250, a good 300 points zigzag move making it difficult for a lot of day traders to stay positive.

The Bullish Flag is kind of holding on a closing basis and Nifty has taken support between the 11150 to 11300 zone as discussed yesterday. But the momentum of today’s fall in addition to the price moving below the channel lines makes the structure weak.

I would incline towards the possibility of a retest of the 11150 zones.

 

Nifty Hourly

 

 

 

Daily Nifty Update – 1 Oct 2019 
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