PREVIOUS SESSION (5 DECEMBER 2018) In previous session we predicted that the market will open in gap down and exactly same happened. Market opened almost 49 points down at 10820.45. As we mentioned that if market opens or trades below 10868, then market tends to slide down and exactly same happened... Market opened at 10820 and slide down to hit 10798 level . Market was range bound for two hours and was in 10798-10781 level. After that market went straight to 10774 level. Nifty unfolded strongly at that level to hit an intraday low of 10748.05. From 10748 level Nifty again bounced back and almost closed a tad above our level of 10781 at 10782.9. Technical analysis shows a bearish trend of the market and a gap down opening is highly possible tomorrow. NIFTY TOMORROW ( 6 DECEMBER 2018) Nifty if opens or trades above 10793 then it will go to 10802/10825/10838/10846/ 10856 levels. A crossover above 10856 and if Nifty sustains above 10856 for at least 10 minutes with volumes...
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Sat saheb