Nifty futures is in strong sell mode since 3rd April and currently the resistance zone is coming near 5585.3. Reverse your position to positional buy only if the resistance zone breaks on the 500Tick Charts.
A trend day occurs when there is a high level of cofidence expressed throughout the day. Larger time frame market participants must be active in order for any trend day to occur. The above Nifty Charts shows a clear trend day with long term/medium term sellers entering the market and dragging it down.
Nifty opened above Value Areas which itself was bullish sign and the new values were created outside of the previous day’s value. Now for Tuesday an open over 5619 will be Bullish, but if 5619 is breached from the up then we can re-visit 5586