By closing +ve for the week and closing above 5630 Nifty sending strong signals of uptrend. The critical supports are now placed at 5665 and 5450 and resistance at 5767, 5880 and 5968. Unless there are any strong -ve signals from Europe or US (Dowjones closed -ve for the week, especially -ve closing on a Friday).
Though fundamentally nothing changed much market is driven by liquidity, hence moves on either side will be sharp depending on news flow. Exercise caution during the week as FnO expiry and global news flow may cause volatility in the market.
Though fundamentally nothing changed much market is driven by liquidity, hence moves on either side will be sharp depending on news flow. Exercise caution during the week as FnO expiry and global news flow may cause volatility in the market.
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