For 04 Aug 2015
Nifty rocking, hit 8400-8460 as expected earlier.
I could not post view, since I was out of town in last week.
Today-Nifty made a low of 8507 and closed around 8543(+10) and made a high of 8563.
Nifty is moving higher by making higher top higher bottom formations, indicating uptrend intact.
However one should go with buy on dip for higher levels(8598), looking at current momentum of nifty. We will not be surprised, if we see nifty trading 40-60 points lower from current closing.
Best entry to can be around 8510-8490.
Conclusion: Nifty should touch 8564-8598, till it's trading above 8450 levels.
…stockstopp(stockstopp@gmail.com)
Nifty rocking, hit 8400-8460 as expected earlier.
I could not post view, since I was out of town in last week.
Today-Nifty made a low of 8507 and closed around 8543(+10) and made a high of 8563.
Nifty is moving higher by making higher top higher bottom formations, indicating uptrend intact.
However one should go with buy on dip for higher levels(8598), looking at current momentum of nifty. We will not be surprised, if we see nifty trading 40-60 points lower from current closing.
Best entry to can be around 8510-8490.
Conclusion: Nifty should touch 8564-8598, till it's trading above 8450 levels.
…stockstopp(stockstopp@gmail.com)
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