Dear All,
Our stated level of 17800 had once again shown its magic as a level of Resistance, as it made a high of 17772.35, yesterday. Wherein, not being able to crossover, we had observed a major supply in Nifty therefrom.
Well currently, as per the day chart, we are expecting a minor bounce back in Nifty for today. So, it will be better to consider Today as a no trade day and to wait and watch for some clear indication from the market, since today is the last trading day of this week.
Furthermore, we are still with our words, that due to this consolidation in Nifty, now the levels of are 17800-18170-18400. While on the lower side, below 17300 we can expect 16800.
So, as of now, continue being stock specific and keep following the cherry picking strategy.
Regards,
Alok Daiya
SEBI Registered Research Analyst
Our stated level of 17800 had once again shown its magic as a level of Resistance, as it made a high of 17772.35, yesterday. Wherein, not being able to crossover, we had observed a major supply in Nifty therefrom.
Well currently, as per the day chart, we are expecting a minor bounce back in Nifty for today. So, it will be better to consider Today as a no trade day and to wait and watch for some clear indication from the market, since today is the last trading day of this week.
Furthermore, we are still with our words, that due to this consolidation in Nifty, now the levels of are 17800-18170-18400. While on the lower side, below 17300 we can expect 16800.
So, as of now, continue being stock specific and keep following the cherry picking strategy.
Regards,
Alok Daiya
SEBI Registered Research Analyst
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
