Hi friends,
In morning i had mentioned 6250 as important level fail to breach above that
was clue for further weakness in Nifty.But market reversed and went above 6250
making the fall abc and recovered smartly to cover all losses and post a new high.
Its a nice channeled
move up which can
be seen from the chart
the next resistance levels
to look for are 6320 ,6350
which coincides with
trendline resistance
Today was the day of
sluggish psu banks which
rose handsomely.
Regards
Rish
In morning i had mentioned 6250 as important level fail to breach above that
was clue for further weakness in Nifty.But market reversed and went above 6250
making the fall abc and recovered smartly to cover all losses and post a new high.
move up which can
be seen from the chart
the next resistance levels
to look for are 6320 ,6350
which coincides with
trendline resistance
Today was the day of
sluggish psu banks which
rose handsomely.
Regards
Rish
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