Nifty was today 65 pts up...! gap up opening was seen as well...
Market is now at the level of descending downtrend where it can face a resistance which is 5290-5300!!
if market closes above 5300 then new rally can be seen... otherwise consolidation is on the way!!!
ROC and MACD is showing positive movement but Stochastic is showing negative movement...!
downside movement can be seen with 5220-5190-5160 in coming days!!
Market is now at the level of descending downtrend where it can face a resistance which is 5290-5300!!
if market closes above 5300 then new rally can be seen... otherwise consolidation is on the way!!!
ROC and MACD is showing positive movement but Stochastic is showing negative movement...!
downside movement can be seen with 5220-5190-5160 in coming days!!

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