Hi... to everyone... i wasn't able to post for week or so.. as i wasn't feeling well and after that got busy with some work...
So looking the nifty movement the market has made any positive movement... for past 5 days...
resistance of 5262 wasn't breached and the market turned negative there after and .. now it is moving around 5190...
In the above Hourly chart... ROC and MACD has crossed upside, showing some room for a positive movement in the market.
since the market is moving a range bound resistance can be seen at 5160-5190-5220-5260-5300-5350.
Level of 5110 is crucial and closing below it can show new sell off in the market changing the sentiment to negative.
overall i am positive on the market and resistance can be seen at specified levels...!
So looking the nifty movement the market has made any positive movement... for past 5 days...
resistance of 5262 wasn't breached and the market turned negative there after and .. now it is moving around 5190...
In the above Hourly chart... ROC and MACD has crossed upside, showing some room for a positive movement in the market.
since the market is moving a range bound resistance can be seen at 5160-5190-5220-5260-5300-5350.
Level of 5110 is crucial and closing below it can show new sell off in the market changing the sentiment to negative.
overall i am positive on the market and resistance can be seen at specified levels...!

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