nalinakshi

nifty has took 23 days to retrace 5 days of fall

NSE:NIFTY   Nifty 50 Index
price action suggests it is very laboured upmove/ . when it is struggling like this, it needs very strong muscle power to cross the previous high of 10137. now nifty             has formed a range from 9741 to 10137, so possibility here nifty             may reverse bit and pick up some more people to lift.
Comment: nifty may retrace to the level 9995 to 9971
Comment: closing at 10086. next week monday and tuesday youu will see retracement , it is the charisma off week end to put around this price, it will correct upto 10000 level then you will see ag ain gaining momentum. it is in range, range trading are like this, when market falls in range , there is no momentum in the strade,. so thank god you have seen volatility around the upper lrange.
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