MANAPPURAM; PARTY HAS BEGAN
CALL GIVEN ON 7TH FEB
Currently nifty was dancing
to the global tunes and we feel it may continue for some time, in absence of
any major event on the local front. After 8 sessions downfall bulls again shown
some strength & took nifty back to closer of 10800 zone. sensex gains 142
points, Nifty just shy of 10800 up by 54 points at 10789.
In the upcoming session Nifty’s sustainability above 10800 would trigger further rebound. Recently, it took support at the previous swing low of 10580. The index has been forming higher highs and lows for last two sessions and formed a bullish candle on the daily scale on Thursday. Now, it has to hold above the 10775 mark to extend its gains towards 10830 and then 10885 levels, while on the downside support exits at 10670 level.
In the upcoming session Nifty’s sustainability above 10800 would trigger further rebound. Recently, it took support at the previous swing low of 10580. The index has been forming higher highs and lows for last two sessions and formed a bullish candle on the daily scale on Thursday. Now, it has to hold above the 10775 mark to extend its gains towards 10830 and then 10885 levels, while on the downside support exits at 10670 level.
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