Technical said, short below 8540 only. Friday's low was 8543 & today Nifty breach #MOB level. Now we can see next #MOB level at new high 9500-9600 range. Nifty 500 close above new high today. So, we can assume for new high in Nifty 50 also.
Tuesday, August 30, 2016
Sunday, August 28, 2016
Nifty Update (28-08-2016)
On request from many friends, I've restart again our blog. But I'll post for major moves only.
Nifty rebound from our expected level 6840 from Budget Day, We didn't expect 8700 level again with in 6 month. Anyway the wind blows, Nifty again at crucial level. As per #MOB 8650-8750 range is the Major Resistance. As per Daily chart, Price & Oscillators are indicating... Profit booking may restart for minimum target #Brexit's low or 200 DMA (7927). But, I'll only short below 8540.
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