NIFTY HAS BREACHED A VERY CRUCIAL WEEKLY SUPPORT AT 5637 ON A CLOSING BASIS. WE HAVE A GAP AT 5640 NOW ON A DAILY CHART SO THE 5640 IS NOW GOING TO ACT AS A STIFF RESISTANCE IN COMING DAYS. ON THE DOWN SIDE 5527 IS THE MAJOR SUPPORT WHICH IF BROKEN ON A CLOSING BASIS THEN WE THINK NIFTY CAN TEST 5450. NEEDLESS TO MENTION NIFTY IS NOW IN DOWNTREND AND ANY RALLY CAN NOW BE EXPECTED IF 5640 IS BROKEN ON A WEEKLY BASIS. AGAIN WE RETREAT THAT THE MARKETS WILL PAY HIGHER IF ONE SELECTS THE RIGHT STOCK. OUR REQUEST TO FORGET THE BROADER MARKETS AND FOCUS ON INDIVIDUAL STOCKS.
No comments:
Post a Comment