Markets have closed positive, although flat almost on friday, amidst some volatility. Volatility can be expected during this week too, since sensex is approaching the all time high of 14723.90 touched on 09.02.07 . Nifty is making new high since it is in unchartered territory.
Both Sensex and Nifty have formed perfect Bullish structure on short term charts too. Now it is buy on dips market for nimble traders. The Nifty might consolidate between 4250 and 4350 for some time before making next major move after sensex clears the previous high. The long term target for Nifty falls at 4678 as long as it holds above 4200 in the short term.
Both Sensex and Nifty have formed perfect Bullish structure on short term charts too. Now it is buy on dips market for nimble traders. The Nifty might consolidate between 4250 and 4350 for some time before making next major move after sensex clears the previous high. The long term target for Nifty falls at 4678 as long as it holds above 4200 in the short term.
The day's range for Nifty shall be 4278 (support) and 4334 (resistance); Sensex shall be 14400 (support) and 14700 (resistance).
No comments:
Post a Comment