NIFTY

#NIFTY View on the 20^th February. Last week end we saw that though a bearish looking bar actually had hidden strength. As expected the upside move continues. But the volume remained low.  This indicates that the supply was literally absent. Hence today’s move indicates poor quality Demand.  We already saw that the journey to 8950 will not be a easy one. Looks like we will have some sideways moves in the coming sessions unless volume picks up. Downside will be limited. Also the region 8811-8792 could provide some support.