Nifty what's our view
We had posted 17479 would be the trend decider in the morning post 
As we had posted 17479 worked as a perfect support for the day.
Volume was decreasing with Price falling down.
To trap hidden sellers a spring move ( false breakout of support ) had been made and price has been moved higher.
What is a spring
A Spring is simply a false breakout of the consolidation area where weaker hands expect a larger retracement or breakout. The market breaks out of the consolidation only to return in late trading or the next day.
As we had posted 17479 worked as a perfect support for the day.
Volume was decreasing with Price falling down.
To trap hidden sellers a spring move ( false breakout of support ) had been made and price has been moved higher.
What is a spring
A Spring is simply a false breakout of the consolidation area where weaker hands expect a larger retracement or breakout. The market breaks out of the consolidation only to return in late trading or the next day.
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