Hi All,
As per the earlier post, "Last Engulf", dated 11th December 2015, Nifty sustained above 7650-7700 and as
expected crossed 7800 in style.
Now markets are trading near a trend line
resistance from 7820-7860, a break above these levels with a preferable close
above it can take Nifty towards 8000 mark.
But Bulls are expected to be cautious as
Nifty is trading near a resistance.
On the lower side, as posted earlier, 7540
will be key to watch out for short to
mid term trend.
Cheers
No comments:
Post a Comment