Thursday, February 18, 2016

Forming a Higher Top Higher Bottom.... Wait and Watch for 7220...

Hi All,

As suggested yesterday, traders who bought on dips for last 2 days, can book profits now at the opening as Nifty is up by almost 90 points and trading near a resistance of 7220 mark, and wait for the further course of market action.

7220, will be crucial and above that, the daily chart will confirm a higher top higher bottom formation which is surely a sign of at least as short term bottom for Nifty confirmed at 6850-6860...


Cheers

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