The market is looking in the trading range or is consolidating and it is possible that market may bounce back in 5450 zone in the coming days and strong suppor tin the vicinity of 5200-5080 levels. Anyone can trade long taking advantage of the dips until 5450 zones. Technically market has reacted after the budget anounced and the short term indicators are in the sell more which should bring down the market to lower levels of around 5210-5080 in the days to come.
If market crosses 5400 marks then an assulat on 5600 zones can be witnessed but that looks so far. Experts believes that one would remain short as long as 5400 remains a resistance.
0 comments:
Post a Comment