AJK-MADX Nifty Long Trigerred at 10120.
Nifty in deed took support at 9750 for expiry as discussed a few days ago.
Nifty targeting the consolidation range again. Hurtful to see the bulls loosing control over a long extended 9 month rally.
BankNifty target of 25200 will be achieved in a day or two, followed by consolidation before further upmove. Book some profit around 25200.
Nifty is moving in a trending up-channel and has hit resistance of 10137 on the upper end of this channel. After a minor correction, the index has again moved back to 10100 levels, but this leg from 9700 to 10100 has been a laggard one with very less strength. Further new heights cannot be ruled out but this move will be capped till 10500-10600. This could be...
Just stay with your longs and hold SL near 10050. I am reiterating again that this move could push nifty easily to 10300
The new leg of upmove has come after decent consolidation. This leg should be a good one.
The discomfort to bulls could trigger a Short covering rally.
We just need a final push, which should come today or tomorrow. It would be disappointing to see Nifty go back to trading range from here.
Banknifty break from consolidation could happen in a day or two. A break could lead bank nifty to 26000+ levels in the new up-leg
The index is contracting and soon could make a big move. If the move is on the upside, a rally of around 200-300 points could come. If it breaks on the downside, the consolidation will again continue in 9750-9960 range
A breakout may come soon. Inside the lip-locked range of 9960 to 9760, the channel is uptrending. This should break soon. Its a matter of time when
The Range should eventually be broken on the upside. All downside triggers/news couldn't break the support. Moderate buying will come when nifty moves above 10000 and 10150 will invite agressive buying