Hi all,
As expected, Nifty faced a stiff resistance near the psychological mark of 10900-11000 and turned down couple of times from there.
However, it has managed to cross it today, at least in the early trades which is a good sign for bulls.
However, Nifty should sustain these levels to start the next up move.
The target on the upside will be near 11150-11300-11400, where as the supports would be near 10800-10580
Cheers
Hrishi ! ! !
As expected, Nifty faced a stiff resistance near the psychological mark of 10900-11000 and turned down couple of times from there.
However, it has managed to cross it today, at least in the early trades which is a good sign for bulls.
However, Nifty should sustain these levels to start the next up move.
The target on the upside will be near 11150-11300-11400, where as the supports would be near 10800-10580
Cheers
Hrishi ! ! !
1 comment:
That's right market turn down more than couple of times. Market treat 10900 as concrete level. But anyhow it become weaker after hitting many time now able to cross 10900. Looking bit bullish n expected .25 bps cut in tomorrow policy.
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