Bulls are
back in action & took nifty above 10800 mark. Risk appetite was boosted
after Moderna Inc's experimental vaccine for coronavirus showed it was safe and
provoked immune responses in all 45 healthy volunteers in an ongoing
early-stage study. expectation of stimulus
from the governments also boosted the market sentiments. The Sensex closed 18
points higher at 36051 while the Nifty settled 10 points higher at 10618.
We expect market would
remain volatile in the near term. The index formed a bullish candle on the
daily scale and needs to hold above 10600 to extend gains towards 10850, and
then 10900 -11000 zone. Overall setup and momentum is positive and a hold
of recent zones could extend rally, while support exists at 10550 and then 10500
levels. It has been making higher top and higher bottom formation and
supports are gradually shifting higher with medium term support at 10400.
More about intraday tips Whatsapp On 9039542248
Resistance: 10850, 11000
Support: 10500, 10400
i read your blog daily and follow , thanks for sharing with us .
ReplyDeletethank u sir . for more live calls contact on whatsapp 9039542248
DeleteWill the Corona effect still be on the market ?
ReplyDeleteSir you can read our daily market view & for more live calls contact on whatsapp 9039542248
Delete