[sharetrading] NIFTY

 

Most markets seem to be exuberant today. I guess the move is a new up move. Anyway a close above 5080 will confirm the up move for Nifty. Above 5111, the weekly close will be strong for a surge. But it will be prudent to be cautious and take quick profits, as trending if any, will be established only next week. The move across 5180 should be sharp for the markets to establish above this critical resistance.

 

Abe

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