Grand Masti (a Bollywood Movie) is about to release next week but it has been already released on NSE an d BSE..Hahahaha.. Just kidding..But the volatility in last 8 session has been such that “Ki woh Traders ki Masti Kar Rahe Hai”. 75-150 points volatility on Nifty has been common in these mentioned session. But if we analyze it closely technically it has given a sign of reversal for at least short term. 5448-5450 was the importance resistance for today and Nifty has given the strong close exactly at that point. IF Nifty CLOSES positively tomorrow than we can have next resistances near to 5606 and 5769 this expiry. Lets see what can a new RBI governor help to traders with Rupee depreciation. Our strategy For tomorrow and next few sessions would be going LONG with a CLOSING STOP LOSS of 5310
Disclaimer: I may have personal position in index and above mentioned stocks. Views and News mentioned above may have Errors and omissions. My views are biased more towards technical analysis. Please read and study the market carefully before investing on my idea. For any suggestion contact me on my email. Some words mentioned in article don’t mean their actual meaning. They are correlated for market.