Dear Sudheer,
I have mentioned holding 7691. I agree that Nifty is now looking overbought (Esp. in hourly), this could lead to high volatility for 2 days. But do you think considering the past background when market had rallied on each occasion whenever Modi govt. was due for something, the market can correct ? Anyway we shall keep a strong eye on 7691 on EOD close basis. In my opinion the charts are telling that a 3 - 6 days upmove expected even if at worst it is a grinding move. Nifty may even attempt higher levels than 7821.
No comments:
Post a Comment