"Good morning, friends! Here are the directions for February 28th: there have been no changes in the market sentiment. The global market is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +20 point.
Nifty closed positively in the last trading session. However, the structure remains in a range market. So today, we will also follow the same sentiment. If the gap-up sustains and breaks the immediate resistance, then we can expect further continuation. However, if it rejects around the immediate resistance or if the initial market takes sharp declines, then we can expect a range market. The correction will occur only if it breaks the fib level 78% aggressively."
Nifty closed positively in the last trading session. However, the structure remains in a range market. So today, we will also follow the same sentiment. If the gap-up sustains and breaks the immediate resistance, then we can expect further continuation. However, if it rejects around the immediate resistance or if the initial market takes sharp declines, then we can expect a range market. The correction will occur only if it breaks the fib level 78% aggressively."