By closing +ve in previous two Fridays Nifty sent strong signals that it is in bullish mode, though political uncertainty tried spoiling the game the damage yesterday was limited.
By closing below 5555 Nifty turned weak on intraday basis, now a sustained break above 5575 is a must for Nifty to remain bullish on Friday and in the days to come.
Now political scenario is not as dire as it was thought. Now markets may steadily come out of it and continue up trend in the days to come
Nifty Support: 5550, 5520 and 5500
Nifty Resistance: 5575, 5600, 5650.
Close above 5585 is bullish for short-term and sustained break above 5650 is bullish for long-term
By closing below 5555 Nifty turned weak on intraday basis, now a sustained break above 5575 is a must for Nifty to remain bullish on Friday and in the days to come.
Now political scenario is not as dire as it was thought. Now markets may steadily come out of it and continue up trend in the days to come
Nifty Support: 5550, 5520 and 5500
Nifty Resistance: 5575, 5600, 5650.
Close above 5585 is bullish for short-term and sustained break above 5650 is bullish for long-term
No comments:
Post a Comment