Nifty getting very strong support around the 4300+ levels. It’s a very good sign to hold that level which indicates that bulls are have the chance to play for long and also bears not immediately short on every rise. Now, the short term is bullish and nifty likely to touch the 2009 high and will cross it. How long it will go beyond this, that’s the big question.
Go long nifty this week:
Long nifty targeting the
T1: 4615
T2: 4675
T3: 4780 with a stop loss of 4520
In august, the volumes were little worrying at this point of time for the above call. Whenever market fell the volumes are very high when compared to the markets moved up. This is clear indication that some big guys exiting from the market and FII data too suggests that they withdrawn net Rs.5000cr from our markets in this month. This is the big worrying factor for this week.
With thanks
Be and make
1 comment:
Great call
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