Overall the Indices are showing strong market breadth and momentum indicators are pointing out that this move is here to say. However in my personal analysis, one should wait a bit or tread carefully with the index. Powerful moves such as these, tend to give continuation patterns. So keep positions light and maintain buy on dips.
Technically Sorted
Nifty moving above 16757 . .is a sign of strength. Looking for 16850-17000+++
Far greater than the tgt has been achieved
Glad to see students performance 😊 to join us connect @Team_technicallysorted
Nifty has taken a bearish resistance at 17790 zone.
As a trader we have to react to the change in the market's trend.
Only a movement about the 17800 mark now will confirm further bullishness.
As a trader we have to react to the change in the market's trend.
Only a movement about the 17800 mark now will confirm further bullishness.