#NIFTY50
1. Opened Gap Up and sustained above 16400 throughout the day.
2. It was forming a Rounding Bottom however, NIFTY broke out with a Gap Up. Would personally love a dip to 16350 odd levels to initiate longs for better RRR.
3. 17150-17250 is Big Resistance and I am expecting NIFTY to reach there before any major profit booking.
4. 15700 can be considered as mid term bottom and 16000 can be considered as Short term bottom.
5. Unless 15700 (15670 to be precise) is breached and sustained, don't think of booking your investments.
6. Bias has changed to Buy on Dips from Sell on Rise, atleast for now.
7. Consult your financial adviser before investing. Comments are most welcome!
1. Opened Gap Up and sustained above 16400 throughout the day.
2. It was forming a Rounding Bottom however, NIFTY broke out with a Gap Up. Would personally love a dip to 16350 odd levels to initiate longs for better RRR.
3. 17150-17250 is Big Resistance and I am expecting NIFTY to reach there before any major profit booking.
4. 15700 can be considered as mid term bottom and 16000 can be considered as Short term bottom.
5. Unless 15700 (15670 to be precise) is breached and sustained, don't think of booking your investments.
6. Bias has changed to Buy on Dips from Sell on Rise, atleast for now.
7. Consult your financial adviser before investing. Comments are most welcome!