Million Dollar question - Typical Bear Market rally or New Uptrend has started.
Bear claims are that Nifty has a very strong resistance around 5150-5200 levels , and than it will be back to 4700/4400 levels.
Good thing about this rally is that most of the people are skeptical about it , so i will not be surprised if we do not see levels of 4700 immediately. If Nifty crosses the talked resistances with steam - being long may be better strategy.
Thought the global uncertainty will be a important factor to watch out for.
Educomp is looking good for more. Watching closely DLF - Can it close above its 200 day EMA ?
Bear claims are that Nifty has a very strong resistance around 5150-5200 levels , and than it will be back to 4700/4400 levels.
Good thing about this rally is that most of the people are skeptical about it , so i will not be surprised if we do not see levels of 4700 immediately. If Nifty crosses the talked resistances with steam - being long may be better strategy.
Thought the global uncertainty will be a important factor to watch out for.
Educomp is looking good for more. Watching closely DLF - Can it close above its 200 day EMA ?
Crude oil prices rebounded in Asia on Monday as investors bet nervously on a down-to-the-wire decision by OPEC to curb output as proposed.
ReplyDeleteMCX Crude Oil tips