bijoy2526

NIFTY faces resistance at the resistance line

Long
NSE:NIFTY   Nifty 50 Index
how ever hidden divergence can be seen between price and stochastic oscillator.
which is positive for its upward movement,
with reliance not supporting the market
nifty could not take out the resistance.
one more move up of reliance expected.
infy , tcs may resume upward movement after consolidation.
any positive in the Rbi policy may provide the required required fuel for the market to go up.
whenever there is a gap up we should not jump in for taking position.
and profit booking at higher levels should be done on intraday basis.
for positional traders up move still in tact.
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Comment: as per me nifty may take out the green trend line soon.

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