My analysis of nifty for July 2 was wrong.I thought the moving average crossover in the 15 MTs chart as well as in the 30 MTs chart was a false buy signal.But the reality was different.
So it can be concluded that nifty on June 1 gave a genuine breakout @ 10363 levels and today made a high of 10597.And closed above 10550.This is the sign of strength.Major resistance now visible at 10830 levels.However a drop below 10430 should be considered with caution.
So it can be concluded that nifty on June 1 gave a genuine breakout @ 10363 levels and today made a high of 10597.And closed above 10550.This is the sign of strength.Major resistance now visible at 10830 levels.However a drop below 10430 should be considered with caution.
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