nifty crossed the crucial resistance zone of 5610-5620 too and and did well for itself moved to next big resis of 5700-5720 of July and can get a reaction here so be cautious as it might show some sort of reversal or profit booking also. one can keep a tight sl of 5585(support 5600) spot cl basis if they have rolled over their nf longs. nifty would be freshly bullish only above say 5725 spot.
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5 comments:
Thanks abhay for your clear and but view
Thank you Abhay
Nifty will follow you :) :D
regards
thanks and welcome jigs and Sujatha!
that view was for short term, but if nifty stays consistently above falling trendline(which is near 5720 currently)in short term, the intermediate term reversal can take place which would infact then be on upside and would be a major one...! so we should keep that in mind.
Abhayyyyyyyyyyyyyyyyy
regds
Sujatha...yes, quite unexpected rally...lets see how it closes today
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