Provided the hurdle of the psychological mark of 5850 is crossed.... Nifty is all set to bounce back till 5850-60 levels.... Which is the resistance areas and also the 20DMA....
After giving a Buy call based on a Mean reversion strategy yesterday Nifty rallied almost by around 2% and closed today near 5784....
Strategy is to hold longs with trail SL below the Cost....
Levels to watch out for......
Supports - 5720-5700-5650-40
Resistances - 5800-5860-5880....
After giving a Buy call based on a Mean reversion strategy yesterday Nifty rallied almost by around 2% and closed today near 5784....
Strategy is to hold longs with trail SL below the Cost....
Levels to watch out for......
Supports - 5720-5700-5650-40
Resistances - 5800-5860-5880....
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