Not much has changed in the last few days. This has been an amazing period of lull in the amazing life that is share market. It feels like going to a tiger reserve to see a tiger and how it will react once we are right in front of it. But it roams around nonchalantly in its own way. Similar is the level of 5200 on Nifty. I have been telling all my friends day in and day out about the importance of this level but the market seems to have stopped near it.
At the cost of repeating myself I would once again reiterate to watch out for 5185 which is a huge supply level. The double bottom of 4800 on daily charts seem to have done lot of poison removal (see arrows). The moving averages are showing encouraging signs (see the bull in the picture). But still we shall not prejudge before the market gives its opinion on 5185.
At the cost of repeating myself I would once again reiterate to watch out for 5185 which is a huge supply level. The double bottom of 4800 on daily charts seem to have done lot of poison removal (see arrows). The moving averages are showing encouraging signs (see the bull in the picture). But still we shall not prejudge before the market gives its opinion on 5185.
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