My perceptions on Nifty may be far - fetched but I can't think of anything better at this juncture. The chart below shows two alternates. Both, as I perceive, should head higher after a dip to 5700-5500 levels. My take is that the dip should be restricted to 5680 and then the rise should resume for the final push. 6300 and 6680 are the figures I would be looking for, once 6165 is taken. If not, even 5000 may be on the card. Future moves may give some indications, but as of now 5700 or so, seems to be the floor. Not to forget that if the red counts are being followed, then ensuing rise may go through the roof.
No comments:
Post a Comment