NIFTY SPOT : 7359.05
Hi,
Readers,
Nifty did exactly the same as was mentioned in my yesterday’s
blog.
It was clearly mentioned that above 7390 levels 7500 – 7550 can
be possible.
Nifty went above 7390 and touched a high of 7504. Thus readers
of this blog would have enjoyed the profits.
Since, Nifty is in a range, it has faced resistance, as expected
at higher end of the range and came down from there.
Now What :-
Nifty has faced resistance at the higher point of the range.
Do not be bullish at this point of time. Till the time Nifty proves
its bullishness comprehensively.
Till then expect correction in Nifty. Now, Nifty will be
inclined to either move within the range or inclined to come down.
This is also an expiry week. So, expect volatile moves.
Trade accordingly and enjoy the profits.
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