That rally which nifty witnessed
yesterday is over it means that we
should not look forward to another one of these moves. Market is now giving us
lower levels. Nifty started below 5700
but could not cross it rather it declined throughout the day. The target for this decline is 5,500 it will come
sooner or later This is due to the bearish
formation on the end-of-day chart of the index, which indicates that we are
headed for further fall. In any case, to outline the support levels....
we find,
5670 – 5640 as the immediate support zone then 5615 through 5590 and then 5573
– 5550 and finally 5510. We still believe that the Nifty would not breach 5510
on closing basis without giving a meaningful correction—this is our worst case
scenario for the short term as we said yesterday.More about intraday tips on google +
For free nifty tips fill the form on the right hand
side ----->
RESISTANCE:5680 5710, 5780
SUPPORT: 5670, 5630, 5600
Good work
ReplyDeleteYou can also give some answers to few people's query about stock market tips Here
Its a new question answer site for investers