[sharetrading] Nifty

 

The new financial year will welcome both the BULLS and BEARS on neutral ground. As they are of similar strength. Watching each other across the fence.But the ball is in BULLS playground. Unless the bulls make an exit,bears have no advantage..........
guess this week will close negative.
Next week 5360 forms the higher resistance. On weekly charts a slide under a trendline upwards is seen.
If next week closes below 5260 could signal the first signal for the selling to begin...........
Risk takers may short with 5290 spot as SL at higest possible and take profits near 5200 expected target for now...... Hold short CF only below 5244 spot. Close above 5262 is seen as poss reversal also.....
Range expected 5244-5278. Piv - 5256
Abe

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