Friday, we saw NIFTY heading down a fair bit. Amazingly, the rising green diagonal line (highlighted spot) provided support and the index smartly bounced off that line.There is a fair chance that NIFTY will attempt to rise further on Monday. The closest possible resistance line based on the Square of Nine approach is 2843.68. Who knows, it might actually get there tomorrow!
Starting with this post, I will indicate possible upside and downside targets derived from a totally different approach. So here we go:
Possible Upside Target: 2832
Possible Downside Target: 2674
Bullish above 2779
Bearish below 2748
Posts
No comments:
Post a Comment