[sharetrading] NIFTY

 

The way mkts moved today does not bring much cheer. Only satisfactory thing is that US markets are holding strong. Any weakness on their part and our markets will collapse like a pack of cards.

Markets need to breach 4960 and settle above for meaningful direction. As I see, that is a severe resistance. Keep a pivot at 4885 for tomorrow….. and be long…….. > 4903 not much worry. Below concern. The sliding rise is indicative of rallies in bear sector….. As of now I see another 50-60 points, which is in line with target. Anyway as of now all indicators on daily charts point to rise………

 

Abe

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