Sunday 17 May 2015

Market View - 18th May 2015

Market has been consolidating from last one week in tight range. There
is Inverted Head and Shoulder (yet to complete) pattern getting emerged.
The confirmation for the same is after 8350 on the Nifty.

Now if market holds 8200 and starts moving above 8300, keep stop loss
@ 8180 on closing basis and go long. If the market moves up from here,
it can move towards 8600-8700.

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