As I have been continuously suggesting, you need to keep looking for
opportunity to Buy on all dips.
FIIs have been buying at all lower levels. The immediate support for
Nifty will be @ 8450 and immediate resistance is 8600-8630.
With the market momentum, it might easily break the resistance and
move towards 8750-8800.
Bank Nifty immediate Support is @ 19200 and immediate resistance
is @ 19400. It might face some resistance aroung 19500-19700, but
it might also keep moving up.
Without global market support, Indian markets are on steriods.
Market is nervous and not ready to believe the upmove. After 8600,
general public might start participating more and that would be end
of the rally.
opportunity to Buy on all dips.
FIIs have been buying at all lower levels. The immediate support for
Nifty will be @ 8450 and immediate resistance is 8600-8630.
With the market momentum, it might easily break the resistance and
move towards 8750-8800.
Bank Nifty immediate Support is @ 19200 and immediate resistance
is @ 19400. It might face some resistance aroung 19500-19700, but
it might also keep moving up.
Without global market support, Indian markets are on steriods.
Market is nervous and not ready to believe the upmove. After 8600,
general public might start participating more and that would be end
of the rally.
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