NIFTY had a sharp correction on the expiry day July 27, 2017 forming a 3 candle reversal pattern on hourly time frame. Considering the strong bullish nature of the market and also the fact that the 3 candle reversal pattern formed on expiry day where there may be artificial price movements, one may consider initiating long on Spot break and close above 10110 in hourly time frame.
Till then I feel NIFTY is in a no trade zone.
Till then I feel NIFTY is in a no trade zone.