Nifty has broken the channel on upside giving strong rally and close after gap up opening now the next resistance is 5400 which is very near if closes above on daily as well as weekly nifty shall rally to 5582 – 5793 levels. Nifty has made head and shoulder pattern which gives higher targets. It seems it is consolidation on the upward channel.
Nifty trying to fill yesterdays gap which is shown in hourly charts at 5300 so if nifty trades below 5300 could correct further 50 pts
FII net buyer in cash segment while DII net seller
While CE 5300 – 5400 most active while PE 5300
( My Views Today nifty has closed on -ve bias and weakness may continue for tomorrow till 5250 levels )
For tomorrow nifty shall remain bullish until it is above 5337 with upward targets of 5365 – 5380 – 5410 with stoploss of 5327 below which nifty shall become weak with downward targets of 5300 – 5284 – 5257
Positional shorts below 5110 only until then try to buy near stop loss or play intraday levels. Nifty swing shall change if close below 4960 WHICH IS MARKED BY PINK LINE for two days till then swing is Up
No comments:
Post a Comment