Nifty closed at 4914, a shade below the all important 4920 level after having made a high of 4929.70 , the exact target mentioned yesterday.Thought intraday it went below 4895, the positional stop loss of 4885 wasnt triggered.As far as it has closed above 4880 the trend continues to be positive , there is a strong resistence between 4930 and 4951.Which shld be watched, if it manages to close above that then we could head to 5000-5050 levels.On the other side if its unable to cross 4950 levels and starts sliding down then disaster is awaiting to happen.
No comments:
Post a Comment