Had been a bit busy with some personal work so the blog postings were less. From now on we may have lot more postings and technical charts.
For few days posting levels of Nifty as people prefer to look into this index more then Sensex ( which i prefer for major analysis)
Although Nifty has corrected from the trendline it should find support in the band of 5750-5650 broadly with 5650 being the best entry point.
View remains to buy on dips for bounce back.
Momentum to be seen when the index crosses 5900-5910 range. Upside to 6050-6100 remains open till market holds above 5600.
Expecting lot of stock specific action in short term so one should start focussing on stock specific short term trades.
Stocks to Watchout for :
Range breakout above 305-365. Encouraging volumes implies a quick move to 400 in extreme short term.
Nice flag pattern. Quick traders can watch for a move above 92 to initiate a short term trade.
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