Tuesday, 6 March 2018

Trade Setup For Tuesday: Top 15 Things To Know Before Opening Bell

Posted by suhani varma on Tuesday, March 06, 2018 with No comments



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Investors should tread with caution in March as investors might want to take a directional call as to what US Federal Reserve will do in its policy meeting due later in the month.The Nifty index today started on a muted note, witnessing selling pressure from the word go and closing with nearly 100 points lower.

The index made a ‘Bearish Belt Hold’ kind of pattern on the daily charts and closed below its crucial support placed at the 100-day exponential moving average of 10,425.

Investors should tread with caution in the month of March before taking a directional call on what the US Federal Reserve will do at its policy meeting due later this month.

A ‘Bearish Belt Hold’ pattern is formed when the opening price becomes the highest point of the trading day (intraday high) and the index declines throughout the trading day making up for the large body. The candle will either have a small or no upper shadow and small lower shadow.

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