As today market trapped sellers & and ended at previous day close
So, there's no lquidity as sellers got out before market can take there money
As market ends in a consolidation means there's not enogh money to go up or down
Best probabily is market will open high tomorrow to trap buyers and gain their lequidity to come down and then take major seller money to start the bull market
But market does't have much time to do above thing
So, a bear market where market will take majority of sellers lquidity sounds probeble
If anyone need nifty50 psychological analysis (price in the chart look on your own) comment below
So, there's no lquidity as sellers got out before market can take there money
As market ends in a consolidation means there's not enogh money to go up or down
Best probabily is market will open high tomorrow to trap buyers and gain their lequidity to come down and then take major seller money to start the bull market
But market does't have much time to do above thing
So, a bear market where market will take majority of sellers lquidity sounds probeble
If anyone need nifty50 psychological analysis (price in the chart look on your own) comment below
