NIFTYBANK when it leads it leaps.
The volume in the area of triangle break out is robust and thus the life above 50 K looks set for higher.
What is interesting to note, the shift from some of the PSU to large caps that is the takeaway.
Points that take bulls some energy.
1. The large verticle fall of near 3900 points is now recaptured more than half way.
2. The halfway around the 49200 held well and then the market consolidated
3. Market consolidation remained despite the NIFTY on the ascendent, allowing the rotation to return.
4. Yesterday break of the triangle opens up scope towards the recent high.
For the bears nothing much save any components of the Index where there is some meat left.
With inflation remains on the soft patch, domestic growth remains robust on any scale. The worries that cannot be handled are little at this point of time.
Supports 50150 49850 49600
Supply 50800-51200-51500
The volume in the area of triangle break out is robust and thus the life above 50 K looks set for higher.
What is interesting to note, the shift from some of the PSU to large caps that is the takeaway.
Points that take bulls some energy.
1. The large verticle fall of near 3900 points is now recaptured more than half way.
2. The halfway around the 49200 held well and then the market consolidated
3. Market consolidation remained despite the NIFTY on the ascendent, allowing the rotation to return.
4. Yesterday break of the triangle opens up scope towards the recent high.
For the bears nothing much save any components of the Index where there is some meat left.
With inflation remains on the soft patch, domestic growth remains robust on any scale. The worries that cannot be handled are little at this point of time.
Supports 50150 49850 49600
Supply 50800-51200-51500
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