in 2008 bear market nifty didn't cross 100 SMA for 14 months. are we on the same trajectory
Nifty is not tracking global clues and its kind Atma Nirbhar so 8800 is a crucial level to watch Fii are heavily making shorts in the system ,lets c
Please correct me if I am wrong ..as there was trading holidays less volatility FII buying Short Covering Does the current upmove is backed by volumes What's your thoughts?
Need to observe how IBULHSGFIN and market opens , It can bounce back from here or break below support level
TCS is unperformed after result because of margin contraction but the future outlook looks strong after Gopinathan letter to employees that TCS will not compromise on Margins for growth Also 200 SMA is 1883 ,so it slightly below it If it opens with good volumes tomorrow ,i am looking to go long .
Considering the results i look forward to short DCB bank tmrw
Suntv is at crucial level , Watch closely ,Swing in any direction with good volumes can decide the break out