Yesterday Nifty opened almost flat to negative at 7164 levels, In first half we had seen Nifty trading lackluster with low volume below 7200, In second half have seen sharp rally with good volume & Nifty manage to cross previous day's high of 7225, made new high of 7236, from last few days Nifty making higher top higher bottom formation that confirms bullish trend, and finally Nifty manage to close above 7200 at 7205 levels in future.
For Monday, trend will remains Positive till it sustains above 7120 levels in futures, above side major resistance will be 7241(As discussed in previous post), above 7241 we may see level of 7327 levels in some days or intraday, swing traders can hold long position with stop of 7120, and positional traders can hold long position with stop of 7090.
For Monday, trend will remains Positive till it sustains above 7120 levels in futures, above side major resistance will be 7241(As discussed in previous post), above 7241 we may see level of 7327 levels in some days or intraday, swing traders can hold long position with stop of 7120, and positional traders can hold long position with stop of 7090.
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