Nifty has been breaking it's resistance from last 2 days and was showing upward momentum. 5th July 2021 Nifty closed near it's strong resistance of 15845. Nifty wasn't able to break it and closed at 15834.35 with a red doji candle in 15 minute chart.
Though market looks bullish but there isn't enough momentum to push it forward right now.
At the time of publishing this SGX Nifty is showing negative momentum.
So what to expect on 6th July?
Nifty may open gap up or flat but tomorrow you can expect a selling day. Nifty may give a false breakout tomorrow above 15845 to trap the bulls.
Keep your eyes open for selling side opportunity.
Though market looks bullish but there isn't enough momentum to push it forward right now.
At the time of publishing this SGX Nifty is showing negative momentum.
So what to expect on 6th July?
Nifty may open gap up or flat but tomorrow you can expect a selling day. Nifty may give a false breakout tomorrow above 15845 to trap the bulls.
Keep your eyes open for selling side opportunity.
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