Good Morning friends,
Fueled by multiple factors, Nifty breaks its previous alltime high and run continues even yesterday. Its a daily market analysis but I am presenting a weekly chart to show you long term picture. Almost everything is clear from above chart which is showing the importance of 15550 resistance mark. Fine, Nifty close above that but caution requires at these kind of levels.
Readers take a caution - I am not saying that this market gave me short signal. No, not at all. We have not even got single negative close above previous alltime high. I am just advising caution. Trade long with lighter volume.
Hourly charts gives us a reason why we cannot be bearish. Have a look, result of every consolidation is a rise. Unless the result of single consolidation goes in favour of bears, market remains us. Let us see today's opening and I will see price at 11 am to trade.
Disclosure - I have very small quantity put long on Nifty from yesterday's last minutes.
Sir, plz give about HEG
ReplyDeletehey, 2000 is a key support followed by 1920. Short term would be weak below 2000. If you have investment then also I suggest to exit for once any try to plan to buy lower.
ReplyDeleteTrading- stock is oversold but weak.