Yesterday US market and Europe Market have closed positively. SGX Nifty and Pre-open is looking quite positive. Now the important resistances to look out for are 5630 - 5650.
When the market opens gap up, do not BUY. Wait for the market to consolidate and see how it reacts.
Local market cues about winter parliament session and Europe markets are going to decide the market direction for this week.
I will keep you posted on the market reaction during the market.
Do not trade in Index until Nifty crosses 5630 decisively. Since there are no longs built, we need to wait and watch. If market holds 5600-5630 till 12pm and Europe market opens positively, we can see good momentum
When the market opens gap up, do not BUY. Wait for the market to consolidate and see how it reacts.
Local market cues about winter parliament session and Europe markets are going to decide the market direction for this week.
I will keep you posted on the market reaction during the market.
Do not trade in Index until Nifty crosses 5630 decisively. Since there are no longs built, we need to wait and watch. If market holds 5600-5630 till 12pm and Europe market opens positively, we can see good momentum
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