Treasure Hunting On Nifty for 21st July : Must ReadNifty is again back on track and we have touched an high of 4510 in Nifty, and we were also able to close in green, the close was at 4502.25.
We are still bullish in the market and Reliance was the major draggier for the session. If we look at the charts for Reliance & Nifty.
This is the charts for Nifty, which shows that we have crossed one hurdle, but there are yet more hurdles ahead, the bears ar still not out from the area, they are just hiding in the woods and planning a strategy, but the bulls are strong now, if we look at the Reliance charts which are : -
Reliance is taking support at its 50DMA which is around 1950 and can move up to 2090 levels, in today's session reliance was an out performer. Reliance is a stock which can move the market, it reliance out performs markets are surely going to out perform in short term.
The Map for Treasure bag for Nifty is : -
Nifty buy above 4506.28 - 4549.07 - 4572.48 - 4595.88 - 4638.68 - 4681.47 SL - 4485
Nifty sell below 4476 - 4463.48 - 4440.08 - 4416.67 - 4373.88 - 4331.08 - 4307.68 - 4284.27 SL - 4483
Volatility is likely to increase and trade with strict stop loss, our markets are performing and following the global ques also so one is advised to trade with eagle eyes.
Trading in the market involves risk, this information being provided is for educational purpose only, one should take advices from there financial consultants before making any final decisions in there trades, we hold no responsibility, and the trader is trading at there own risk.
Regards
Treasure
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