Hi all,
As discussed yesterday, Nifty did support exactly near the 8330 level mentioned yesterday, and sharply bounced back from there to create a new higher mark at 8423...
Which means hopes for bulls are still alive as Nifty also closed higher today on daily charts which is a good sign as per Dow Theory.... A close below 8360 can be a sign of worry for bulls...
After surpassing 8450-8470 & 8510 levels convincingly, Nifty can travel higher till 8650-8800
Cheers
Hrishi
As discussed yesterday, Nifty did support exactly near the 8330 level mentioned yesterday, and sharply bounced back from there to create a new higher mark at 8423...
Which means hopes for bulls are still alive as Nifty also closed higher today on daily charts which is a good sign as per Dow Theory.... A close below 8360 can be a sign of worry for bulls...
After surpassing 8450-8470 & 8510 levels convincingly, Nifty can travel higher till 8650-8800
Cheers
Hrishi
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