NIFTY EDGED HIGHER AND MADE BULLISH WAY
The NSE Nifty spot closed at 5431 up by 0.8% with the higher volatility in the banking and finance sector. After the German court decision, Market became bullish as Germany rejected the stop calls to aid EU countries. In the technical analysis, MACD is making break out when the price line is higher level, whereas Stochastic is in the overbought situation and planning to cut downward to make some correction. Yesterday's resistance is now today's support @ 5385. If any trader has long position in nifty future, he can make stoploss at 5385 in nifty spot level.
Happy Trading !!
Megha Investments & Research Team
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