NIFTY Spot : 6063.2
Hi,
Readers,
Nifty stood at
virtually the same level as of last week.
Nifty is trading
volatile but the readers of this blog would have been enjoying the profits made
last week.
Nifty is basically
digesting its more than 400 point move.
Now what :-
Overall trend of Nifty is
down.
Currently Nifty has rebounded
from oversold levels.
This rebound should be
viewed as rebound only.
One should always try to
play in the direction of the trend.
Technically the trend
is down and any opportunity to sell, on rise should be used to earn profits.
Two days closed below
5990 will open the downside targets again.
In the coming days
Nifty has resistance at 6150-6220-6270 and support at 6000-5900-5820.
Trade accordingly.
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