Thursday, April 10, 2014

Update

Price behavior as expected. Nifty somewhat paused. Lot of time left for this leg of up-move which is on as long as price holds above 6725.15 Nifty Spot. Last hour selling was heavy, hence friday also there may be some consolidation expected.  Important thing to note that is Nifty closing should not be below 6777.3 tomorrow to keep the uptrend intact and 6725.15 should hold.

Nifty spot  Targets pending are :
Target 2  - 6881 / 6687 

Target 1 - 6833

We got an NR day today NR4  and NR7. Hence tomorrow also there is a probability of one more NR day.

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