Shooting Star on 60 minutes does signal a momentary arrest of the bullish charge. A follow-through towards the close of yesterday does indicate a possibility of a pullback today hence one should be looking to buy on dips after the strong surge witnessed post the buy opportunity that I had highlighted few days ago. The bias continues to be bullish but a pullback buy towards 9720 around the median line support would be a better approach for participating in the Nifty.
Shooting Star on 60 minutes does signal a momentary arrest of the bullish charge. A follow-through towards the close of yesterday does indicate a possibility of a pullback today hence one should be looking to buy on dips after the strong surge witnessed post the buy opportunity that I had highlighted few days ago. The bias continues to be bullish but a pullback buy towards 9720 around the median line support would be a better approach for participating in the Nifty.