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 ...
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
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