WISH ALL READERS OF MY BLOG A MERRY CHRISTMAS AND PROSPEROUS HAPPY NEW YEAR !!!
January 2015 Series Overview:
The December series began with the highest life time close of 8588 and then corrected substantially towards the lowest close of 8029.8 and now ends the series just above the important level of 8174 after filling a few gap up and gap down openings. January 2015 is likely to be an even bigger eventful month with just one level being of interest to both bulls and bears - 8310. Above 8310, Nifty should make new highs around 8800/8900 with the result season due in the middle part of January. Before that , till around January 5th, some range bound levels between 8150-8310 can be expected. Below 8150, a quick fall/visit to 7725/7655 cannot be ruled out to test the 233-day EMA/SMA levels as the year is almost getting over and testing longer term moving average of 233-EMA/SMA will be an appropriate bottom to begin the new year with. Happy trading and Wish you and your family a VERY HAPPY 2015 !!!
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