1:40 PM
Unknown
Last week nifty closed in a positive note +50 from the previous Week,But last Four Week nifty can’t close above 5640 a strong Resistance level and now The long trendLine also meets at 5680 level .Market is struggling to cross the resistance level. In July 26th RBI announces monitory policy I expect RBI will Rise another 50Basic Point.
So in coming week must trade with carefully using strict stop loss. In my opinion Maintain Short at current level place strict stop loss of 5680 in closing target 5430 .
Market will trade in Range bound (5680-5420).Either side the range breaks we can see a great move of 1200points,
Who knows which side it will break ,wait and see