I still maintain my previous view on Nifty posted in last 2 weeks. For me Nifty still looks poised for a up move from here on.
It held on to the crucial level of 5200 for most part of last week. In fact for the last month 5154 was the lowest level for Nifty and it smartly rallied and held its ground.
This week Nifty has supports @ 5230/5215/5160. There is extremely low possibility of 5215 being broken and buying can be done around those levels safely.
On the upside Nifty may show levels of 5300/5350/5400/Higher very soon.
I recommend staying long on Nifty futures or Buying calls.
It held on to the crucial level of 5200 for most part of last week. In fact for the last month 5154 was the lowest level for Nifty and it smartly rallied and held its ground.
This week Nifty has supports @ 5230/5215/5160. There is extremely low possibility of 5215 being broken and buying can be done around those levels safely.
On the upside Nifty may show levels of 5300/5350/5400/Higher very soon.
I recommend staying long on Nifty futures or Buying calls.
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