NSE:NIFTY   Nifty 50 Index
At resistance, Let's see if it stalls or reverses.

Comments

With due respect with your analysis, i think 15500 is a round level and if we a green candle closing above the same then will see new highs, but if we see todays session then we can say HDFC and Relaince have breaked long pennant consolidation, so all over the trens seems to be bullish only.

NOTE :- Always buy the Dip who were reading this as a newbie trader.
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When a resistance is hit multiple times in a relatively smaller timeframe then it is supposed to weaken in.. By that logic we shud see the resistance break and market shud see a new high. Move in large caps especially reliance is also indicating in the same direction .. Rest time will tell .
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GurleenKaur harjeetchhabra
@harjeetchhabra, Absolutely, I personally have a bullish bias.
Might be heading towards the highest monthly closing figure,
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harjeetchhabra GurleenKaur
@GurleenKaur, Amen
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Nifty just broke the resistance then, right? Going up now but till where possibly?
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GurleenKaur Rish_bish_j
@Rish_bish_j, Yes, it did.
It should sustain, Expecting 15,700+
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Rish_bish_j GurleenKaur
@GurleenKaur, Okay, nice. So, 300 more points. Point noted!
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GurleenKaur Rish_bish_j
@Rish_bish_j, Remember- It must sustain.
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Rish_bish_j GurleenKaur
@GurleenKaur, Oh okayyy! Noted...
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