4950 on the view
As posted, Nifty slowly and steadily inched to 4848 and there after momentum picked up with some fine close above 4850 mark followed by a gap up open and finally Nifty sustained around 50% retrace level above 4900.
Until now, I didn't see any kind of selling pressure in our markets. Here tomorrow 4932 and 4951 will act as stiff resistance and crossover above 4951 will pave the way for a target of 4976 and 5019 where I feel, the longs should be closed .
Until now, I didn't see any kind of selling pressure in our markets. Here tomorrow 4932 and 4951 will act as stiff resistance and crossover above 4951 will pave the way for a target of 4976 and 5019 where I feel, the longs should be closed .
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