Hi all,
After a break of crucial support areas of 5660, Nifty did not convincingly break the 5640 levels... Since its a gap up opening today and we started the week with gains of around 0.5%, going forward, I feel 5630 will be a short term bottom, however there are no reasons as of now to go long at current levels...... some stocks like, Coal India, Cairn, Relinfra are showing some positive signs on hourly/daily charts.
Request you all to trade with strict Sl s and risk management....
Regards
Hrishi
After a break of crucial support areas of 5660, Nifty did not convincingly break the 5640 levels... Since its a gap up opening today and we started the week with gains of around 0.5%, going forward, I feel 5630 will be a short term bottom, however there are no reasons as of now to go long at current levels...... some stocks like, Coal India, Cairn, Relinfra are showing some positive signs on hourly/daily charts.
Request you all to trade with strict Sl s and risk management....
Regards
Hrishi
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