The most obvious expectation is that $NIFTY is bearish after today's fall where it broke it all known supports.
I do have the similar sentiment and i agree that this is a sell on the rise market. However, purely for 14th March, i am expecting the market to recover a bit, more in line with a retracement to the last support.
Why do i think this is expected?
Two reasons:
1. On Daily Time frame, there is a trendline which $NIFTY has re-touched and shown a very small bounce from it. This is the white line.
2. In general, there is retracement on break of levels. This is what i am expecting tomorrow.
As this is retracement, it may turn into a volatile market which may result in a long wicks Doji or an small body long which candle.
I do have the similar sentiment and i agree that this is a sell on the rise market. However, purely for 14th March, i am expecting the market to recover a bit, more in line with a retracement to the last support.
Why do i think this is expected?
Two reasons:
1. On Daily Time frame, there is a trendline which $NIFTY has re-touched and shown a very small bounce from it. This is the white line.
2. In general, there is retracement on break of levels. This is what i am expecting tomorrow.
As this is retracement, it may turn into a volatile market which may result in a long wicks Doji or an small body long which candle.