NIFTY GAP UP AND BULLISH IN PREVIOUS SESSIONS: REALLY BULLS CAME BACK ?
The NSE Nifty spot closed at 5359 up with higher volatility and gap up trend. As a trader, one would believe about the bullish trend in nifty spot and as well as market too. But as an analyst, We should consider all the parameters and indicators to measure the right trend of the market. As far as technical research is concerned, MACD is trying to cross nearer to neutral level and Stochastic is moving upward after cutting upward shift. There is a doubtful movement after gap up of price line with upward shift of fast indicator. In the next trading session, Nifty spot may face a major hurdle @ 5383 and support @ 5311. Short term traders may face some selling pressure as correction in few days. In the market, some stocks move aggressively upward and some are not. This are analyzed by our analysts. Please contact us for better view and in depth research for various stocks' trends.
Happy Trading !!
Megha Investments & Research Team
