Hi All,
Nifty after giving a strong opening today, is now trading comfortably above 5740.... If it sustains above 5760-65 levels one can expect a further up-move till 5800-5850.... As along with hourly charts (see the image for yesterday's post) it also showed some bullishness in Daily charts as well.....
Interestingly Nifty is also trading near it 40 Weekly average of 5600-5650.....
As suggested earlier.... book part profits and trail your stop loss @ your cost going forward...
I would like to reiterate that breaking the 5640 levels and sustaining below it could take Nifty further down till 5550-5500 levels...
Cheers
Hrishi
Nifty after giving a strong opening today, is now trading comfortably above 5740.... If it sustains above 5760-65 levels one can expect a further up-move till 5800-5850.... As along with hourly charts (see the image for yesterday's post) it also showed some bullishness in Daily charts as well.....
Interestingly Nifty is also trading near it 40 Weekly average of 5600-5650.....
As suggested earlier.... book part profits and trail your stop loss @ your cost going forward...
I would like to reiterate that breaking the 5640 levels and sustaining below it could take Nifty further down till 5550-5500 levels...
Cheers
Hrishi
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