As already pointed in earlier posts 5970 is acting as good support for Nifty.
Now we have Hammers at bottom of the current correction.
Now we have Hammers at bottom of the current correction.
Nifty Recovery held by Doji
Nifty recovery is held by Doji and closing above 6100 will be difficult for next week.
Tata Steel Bullish Indication
Tata steel has now shown that it has broken mid term down trend and will have a good bullish target of 700 considering the formation of Inverted head and shoulder. Final confirmation of Inverted head and shoulder will come after breaking above 450.
TVS breaks resistance
I had identified Long Term Resistance in TVS Motors. Now it seems that it has broken that resistance and has given bullish indications.
Nifty again above 5970
As posted earlier we can see good amount of support being seen at 5970 level and Nifty has maintained close above it.
This can now become very good stoploss for bullish positions.
This can now become very good stoploss for bullish positions.
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