NIFTY Spot : 6304
Hi,
Readers,
FIRST OF ALL
WISHING ALL OF YOU AND TO
YOUR FAMILY
A VERY HAPPY AND
PROSPEROUS NEW YEAR…..
Nifty is stuck in a
range. And today, it again closed above 6300.
Now this closing above
6300 again in this week after a consolidation is important.
What this closing
above 6300 means :-
It means that now the game
is open.
NOW, Nifty till it is above 6200 -6220 level it
can try to trade with +ve bias. Higher levels to watch from here on up side are
6370 and 6420.
And on the down side
view is same as was mentioned in my previous blog.
That is :-
For Nifty 6200 - 6220 is
very important level, below which the Nifty shall trade with –ve bias. Breakdown
of Nifty shall be below 6150.
Trade accordingly.
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