There seems to be a strong support by the bulls, to not let the index go down, but the last session was week for the bulls. as of today BNFTY maintained a good support given by 48500 level. Monday opening will be a gap down as those holding wants to exit at the earliest. but bulls will hold it from falling by 9:50 am. there is a support around 48300 level....
Bulls are back, It has steadily managed to keep the high spirit of staying invested. for the next 3 days It is going to get on to the track of steady channel trend that it was making a month back. Happy Investing.
Disclaimer: I do chart reading on adhoc basis, self trained. Just for sharing my opinion. Not a trading advice. Based on the current trend, FIIs are selling. Global market is down will not spare the Indian Market. looking at the chart of today it is hard to keep a high spirit in the short term. Nifty tested 21750 level on 26th to close at 21850 range By the...
I am not a certified Market analyst, I do char reading on adhoc basis. self trained. It is not a advice for anyone to take position. There has been a considerable amount of consolidation in the last 10 days. Based on numerology. the third day will always be short term trend reversal to follow the mid term trend. Also other sentimental data supports a strong...