Hi Guys,
As expected, Nifty took resistance near the
exact level of 7030-7040 (High of today was 7035.95) and retraced back sharply
on account of a very high volatility in the markets
Now going forward, though not as strong as
expected, but Nifty managed to gain back all the points lost in the morning trades, and was able to give a
Hammer Pattern on daily chart.
Now as suggested in earlier post, on
Monday, Nifty should surpass the key resistance of 7030-7050....
Cheers
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