Dear All,
Once again in the yesterday's trading session, we had got to witness how crucial the level of 17800 has become for Nifty.
Wherein a strong Resistance is being faced at this level. As even yesterday, Nifty gave us a closing of 17770.90. So somehow Nifty seems to be struggling at around this level of 17800.
Therefore, it has now become very important for the index to crossover and to sustain above this level of 17800 for at least week. As it is only then, that the probability of witnessing the levels of 18170 and 18400, will increase.
Until then we can see that it’s a crucial fight between the Resistance and Support where
Resistance = Support = Resistance
So, in this volatility we must witness a positive and a stable closing of above 17800, which will be on our radar.
In the meanwhile, stay stock specific and follow the Cherry Picking Strategy.
Regards,
Alok Daiya
Once again in the yesterday's trading session, we had got to witness how crucial the level of 17800 has become for Nifty.
Wherein a strong Resistance is being faced at this level. As even yesterday, Nifty gave us a closing of 17770.90. So somehow Nifty seems to be struggling at around this level of 17800.
Therefore, it has now become very important for the index to crossover and to sustain above this level of 17800 for at least week. As it is only then, that the probability of witnessing the levels of 18170 and 18400, will increase.
Until then we can see that it’s a crucial fight between the Resistance and Support where
Resistance = Support = Resistance
So, in this volatility we must witness a positive and a stable closing of above 17800, which will be on our radar.
In the meanwhile, stay stock specific and follow the Cherry Picking Strategy.
Regards,
Alok Daiya
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
