The market started out today with lack lustre volumes and understandably so, being the first trading day of the year. Most world markets remained closed today. The opening charts for NIFTY at around 9:30 am signaled some caution. Analyzing the charts at that time and applying the 3rd candle theory the signal was a negative bias. The 4th candle of the day opened decisively breaking the low of the 3rd candle. The volumes we low, as a result the normal conviction was missing. Around mid-day as the market was mildly…
Read MoreNifty 2 Jan Closing Notes
