Last week nifty achieved our weekly target 2 after hitting our weekly buy point.
NIFTY
It would be interesting to note how nifty reacts to news of repo rate hike by RBI.
5223 is first support of nifty next week. 5195 is second support.
Breaking and trading below 5174 with volumes can make nifty weak and take it to 5130, 5088 and 5044.
However a reversal from the support region will mean nifty will clear the january high and move to
5335, 5395 and 5441 this week.
It is a week which promises fireworks. Get your trading gear on !!!.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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