Skip to main content

BULL ROAR WITH RISING WINDOW

Nifty closed in green at 5342 after bursting 103 points.The broader market undoubtedly biased the bull with 1012 advances to 475 declines.It was a complete blast at openeing ,though it could be reckoned in early morning following strong global cues an.d SGX NIFTY,The market closed with a sustained gains which lead us to bulls getting empowered.With the current gains expectation have risen and targets for Nifty in coming days have increased.
                                                                            Technically Nifty bounced yesterdays from the uptrend-line and today witnessed a rising window,this has led to the confirmation that market have taken support and are likely to lead further to 5400.Now traders are suggested to initiate long on dips with strict stops for the targets of 5400.Only a close above 5400 will confirm violation of the resistance and will open up avenues for 5600.



INFY TARGET HIT, CALL REVISED,FURTHER TARGET 2550

Comments

Popular posts from this blog

DOJI - LONG LEGGED

Today Nifty  opened more than 100 points down and Sensex with more than 300 amidst weak global cues.It ended this week following a 4 day losing streak.On daily charts Nifty has formed a long legged doji with a gap down indicating enormous uncertainty for markets next week.The Breadth continued to be in favour of the bears with 700 Advances to 1011 Declines on Nifty.In early trading sessions Nifty recovered about 70 odd points wherein bears pounced with 2nd leg of selling taking Nifty back to 9700.                                 The big boy SBIN came out with a disappointing set of results for which market gave a thumbs down, SBIN  & RELIANCE tumbles 5.6%  & 2.5% respectively adding further momentum downside.Today was the last session for this week , Nifty made a long Full body bearish candle on weekly charts ,alarming for further correction on the way next week , The ...