nalinakshi

it appears nifty is forming a small range.

NSE:NIFTY   Nifty 50 Index
if it breaks the range of 9958 next will be 10032
Comment: it hhas broken the range, i felt when everyone were negative , it will retrace, because, nifty price was tradinng above the 50 day mmoving average, when rice run away from the moving average they tend to adjjust to moving average, if they fall below and trade consistently below 50 day moving average they tend to become negative. anyway I thank for holding y position even inspite of many analysts were negative , nnow they are talking about nifty touching 10200, it is ridiculous. arket is dynamic. i feel another leg of quarterly earnings will start, so nifty may go up with minor blips.
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