NIFTY STILL REMAINED BULLISH AND
CLOSED NEARER TO 5800
The
NSE Nifty spot closed at 5791 nearer to 5800 benchmark level. The index still
showed the bullish trend in whole the day in previous trading session. In the technical,
MACD is bullish and Stochastic is moving in the overbought situation which
shows the sudden profit booking scenario. But non knows correction time in
nifty spot. Medium term traders are not advised to make long position at this
level and advised to be stay cautious.
Happy
Trading !!
Megha
Investments & Research Team
