As can be seen from the chart of Nifty 6200 CE, there is a big resistance in the 188 - 92 band, and unless that is crossed decisively, Nifty can decline.
Longs need to be careful till those levels are held on the CE.
If the CE falls all the way down to the lower support level, Nifty can decline by more than 200 points from here.
Longs need to be careful till those levels are held on the CE.
If the CE falls all the way down to the lower support level, Nifty can decline by more than 200 points from here.
2 comments:
Fall limited to 6150-6160.Nifty could trade in a range of 6280-6160 for the next 5 days till friday before making a all time NEW HIGH next week.
Expect markets to be very volatile and even if Nifty falls to 6120-6130 its a BUY opportunity for rapid gains to 6345 within the next few days.Nifty to TOP out around 6394 or so by Dec 18 or later and CRASH to 5100-5300 by Feb/March 2014.
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