* Levels mentioned are Nifty August Futures. Note: Today's Inflation Data may cause volatility in market.
There is nothing really happening to change our bullish view with target 5425, except the circled reversal candle with high at 5395. Until Nifty (August Futures) cross and sustain above this though the risk of down side prevails. But candle formation after the circled candle suggesting come back of Nifty. However a sustained cross above 5395 is must for Nifty's bullish trend continuation. Supports: 5330, 5295, 5240 Resistances: 5395, 5425. For long term trend observers, as long as Nifty stay above 5050, 5600 target is a possibility. Continue holding your investments while booking partial profits in specific stocks and re-enter at lower levels.
There is nothing really happening to change our bullish view with target 5425, except the circled reversal candle with high at 5395. Until Nifty (August Futures) cross and sustain above this though the risk of down side prevails. But candle formation after the circled candle suggesting come back of Nifty. However a sustained cross above 5395 is must for Nifty's bullish trend continuation. Supports: 5330, 5295, 5240 Resistances: 5395, 5425. For long term trend observers, as long as Nifty stay above 5050, 5600 target is a possibility. Continue holding your investments while booking partial profits in specific stocks and re-enter at lower levels.
 |
| Click on Image to enlarge |
No comments:
Post a Comment