Resistance
weakens when it is hit time and again by new price movement. 7600 is one
such resistance. A gap up might take our this resistance today.
As suggested in my weekly newsletter, we are in to a start of new uptrend of Nifty. This is not the market for short selling.
Nifty might react downward after a gap up today. However traders should use this down move to go long on Nifty. Nifty has resistance at 7600 and 7720.
Support is at 7500 and 7435.
As suggested in my weekly newsletter, we are in to a start of new uptrend of Nifty. This is not the market for short selling.
Nifty might react downward after a gap up today. However traders should use this down move to go long on Nifty. Nifty has resistance at 7600 and 7720.
Support is at 7500 and 7435.
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