Its all mathematics only…..On march 06th , it was written:-
Look the impact. Nifty has dropped from 2900 plus to 2550. now for once we can cover our position . there may be chances that market looks upward on short covering or pull back rally. 5 days rsi is @ 19. 5 days moving avg. is @ 2657. nifty may pull back to that level. Indusind bank and sintex looks good at these levels for long term as well as short term investment. 2539 and 2501 are good support of nifty.
Now nifty can face resistance @ 2755 and 2805,
DISCLAIMER :- We can’t dictate the market. Its an observation only. May , may not hold good. Much depend on govt. policies ,economic & political scenario. Its more of an informatics’ article only. Presenter /writer is not liable or responsible for any personal or financial losses or profits.
0 Responses to “nifty watch”