Overall, 7740 -7760 will act as strong resistance for the Nifty and failure to hold above these levels will creates strong possibility of negative bias (temporary correction around 7400-60-80 levels). Only stable move above these levels will lead continuation in rise…..so the investors are advice to keep eyes on 7740-60 levels while building long positions…).
Thursday, March 31, 2016
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As of now , we considered the fall from 12440 to 7500 levels as wave A of triangle. When wave B exceeds 1.236% of wave A then it could...
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Nifty ended the day on negative note at 5686 levels by losing 52 points. After opening seven points lower at 5731 levels, Nifty rose highe...
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We were watching 5220 level as an important level for the day and were expecting fall around 5160-70 levels once it fails to hold. Nifty...
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Daily Outlook We said that formation of green candle indicates bullish bias but never negates the possibility of intraday fall around 5020 ...

