WILL NIFTY SPOT MAINTAIN THIS
AGGRESSIVENESS TO REACH 6000 LEVEL ??
The
NSE Nifty spot closed at 5719 up by marginal buying pressure in the end of the
previous trading session. But here is the question, will nifty spot sustain
above this levels or maintain this trend as it is going towards 6000 level
without filling the two gaps in right behind its past ?? Economical indicators
are in consolidation and not showing perfect trend, whereas fundamental factors
are only showing somewhere buying pressure in some stocks (you can receive
those stocks list from our analysts by calling them). On the other hand,
technical indicators are showing bullish trend in nifty and some of heavy
weight stocks. Stochastic is in negative diversion, which results in positive
trend whereas MACD is still moving in buying zone. 5635 will act as major
support for short term trading time zone.
Happy
Trading !!
Megha
Investments & Research Team
