As I have been continuously recommending to Buy on all dips, you
can see that we have surpassed the All time high and now making
new High.
Next immediate target for Nifty will be 8750 - 8800
Nifty is right now on steroids, just keep riding momentum by trailing
stop loss.
Immediate Support for Nifty will be 8615 to 8630
At higher levels - 8850 - 8900, we can face psychological resistance.
We need to closely watch these levels and reduce positions as we
go higher.
As long as momentum continues and there is no negative news, market
can keep making new highs.
22nd Jan, we have ECB Meet
25th Jan, we have elections in Greece
27th and 28th Jan, we have FOMC meet
If there is anything negative happening at these meet, there can be
some profit booking or even shorts, so book your profits and wait
for next trigger.
can see that we have surpassed the All time high and now making
new High.
Next immediate target for Nifty will be 8750 - 8800
Nifty is right now on steroids, just keep riding momentum by trailing
stop loss.
Immediate Support for Nifty will be 8615 to 8630
At higher levels - 8850 - 8900, we can face psychological resistance.
We need to closely watch these levels and reduce positions as we
go higher.
As long as momentum continues and there is no negative news, market
can keep making new highs.
22nd Jan, we have ECB Meet
25th Jan, we have elections in Greece
27th and 28th Jan, we have FOMC meet
If there is anything negative happening at these meet, there can be
some profit booking or even shorts, so book your profits and wait
for next trigger.
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