Nifty after giving a bullish signal @10835 on last friday made a high of 11179 today.As nifty has not given any sign of exhaust we can assume that the trend is strong.Only a drop below 10887 can only confirm end of current up move.
However those who have not taken any bullish positions should wait for a dip to take fresh long positions. The levels one can wait to add fresh positions should be around 11127 ( it is the 8ema in hourly chart)
As we are nearing weekly expiry keep an eye on 11100 CE and 11200 CE expiring on this Thursday
However those who have not taken any bullish positions should wait for a dip to take fresh long positions. The levels one can wait to add fresh positions should be around 11127 ( it is the 8ema in hourly chart)
As we are nearing weekly expiry keep an eye on 11100 CE and 11200 CE expiring on this Thursday
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