NIFTY Idea... Are we heading towards 200 DMA levels ???
Updated
I feel Nifty is headed to 10500 levels if it breaks 10330 and sustain above it.
Long term view - I feel Nifty might touch 200 DMA before giving a fresh breakdown. In 2008 too, it has touched 200 DMA twice before breaking down.
Disclaimer - These views are only for educational purpose, please do your own analysis before initiating the trade
Long term view - I feel Nifty might touch 200 DMA before giving a fresh breakdown. In 2008 too, it has touched 200 DMA twice before breaking down.
Disclaimer - These views are only for educational purpose, please do your own analysis before initiating the trade
Note
Not a decisive close. Will be interesting to see tomorrows movement.Trade closed: target reached
Made a high of 10553 and reversed from the levels marked in the chart.
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