there has been a lot of profit booking by Fund-Managers on NIFTY

As we saw yesterday, there has been a lot of profit booking by Fund-Managers. Although daily candle appears technically DOGI, this is single of change trend.

Nifty price is still above 50MA and 200MA as plotted in a chart also, which indicating positive bias in the short term.

Cash Nifty:
selling expected is 11729 to 11748 and below 11580 below is confirmation of changing trend.

ATR is till normal which means not started downtrend.