Nifty closes the week @ 5132 after opening in negative territory in the morning but managing to regain strength above 5070-5110 support/resistance level. VWAP at close is 5113.
1) The trend for short term ahead is bullish with the results of RIL expected to be good and Nifty now looks poised to be aiming to go past 5180-5230 levels.
2) Below 5110, Nifty will be weak and support levels of 5070 will once again be crucial.
3) The volatility is getting stabilized now and now intra day moves will be smaller moves of 20-30 points maximum. Happy weekend :) Happy trading :)
No comments:
Post a Comment