Wealthcam

NIFTY yet to move

NSE:NIFTY   Nifty 50 Index
As we can see NIFTY remained sideways throughout the day despite us discussing about the strong up move that could possibly be witnessed. Now that NIFTY can still be seen maintaining itself above our demand zone and hence long positions can be made BUT following the global cues, we can expect NIFTY to open weak and hence as long as NIFTY sustains itself above our demand zone we can expect a strong RECOVERY else below the zone, we can see this level acting as a resistance so the market could be tricky in coming trading sessions so plan your trades accordingly

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