Lovely analysis.
1. Do you think the Nifty may not cross 11720 in the near term as that seems to be a major hurdle ?
2. BNF is showing strength specially in the last 2 hrs of trade on Friday. Seeing the charts I think it should hit 29700 in the next couple of days. On hourly chart 29700 is a triple top and if it closes above 29700 then 31100 is possible. What is your view ?
Dinesh_C_Nagpal
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@kirtigupta, Nifty has v good support at 11450-11375. It needs to close above 11660 for further upside with minor resistance at 11750. Would be bullish either at support as mentioned or above the resistance of 11660
1. Do you think the Nifty may not cross 11720 in the near term as that seems to be a major hurdle ?
2. BNF is showing strength specially in the last 2 hrs of trade on Friday. Seeing the charts I think it should hit 29700 in the next couple of days. On hourly chart 29700 is a triple top and if it closes above 29700 then 31100 is possible. What is your view ?