What a beautiful rally of almost 1000+ points was witnessed in the Market yesterday, from the time when we had predicted on the “probability of the worst getting over”, when the index was just around 15850.
Also, Finally, in the yesterday’s Market Session, Nifty was successful in crossing over its Resistance level and thereby giving us a stable closing of above 16800.
However, that seems to be a false, or, we can say it as a suspicious breakout. Hence, Nifty’s closing for this entire week will be under observation, as a mark of confirmation for a further rise in the index. So, do keep a strict watch on the indices closing for the week.
Moreover, since this week is more of a holiday week, due to the occasion of Holi. It will be suggested to avoid being too aggressive and to rather be stock specific as per the current chart setup.