Nifty over the past 3 months is moving in the same range. The range seems to be 5400-5850. A small range.
After a non stop move of Nifty from 5350 to 5950, it is a good time for Nifty to stop & take a pause. This pause can take a deep breath till 5680 as per Research by Wealth Bazaar Financial Managers Founder Mr. Mayank.
Earlier Nifty made a breakout near the levels of 5600 & that could be point where Nifty might stop itself.
Still downside looks limited & upside seems unlimited. I am looking for a breakout above 6300 which would take the Nifty to 6700 odd levels by second half of the year. FIIs seems to be in buying mode & HNI of Mumbai, Bangalore also seems to be buying stocks as per the data source.
Regards
Mayank Gupta
http://www.wealthbazaar.in/
After a non stop move of Nifty from 5350 to 5950, it is a good time for Nifty to stop & take a pause. This pause can take a deep breath till 5680 as per Research by Wealth Bazaar Financial Managers Founder Mr. Mayank.
Earlier Nifty made a breakout near the levels of 5600 & that could be point where Nifty might stop itself.
Still downside looks limited & upside seems unlimited. I am looking for a breakout above 6300 which would take the Nifty to 6700 odd levels by second half of the year. FIIs seems to be in buying mode & HNI of Mumbai, Bangalore also seems to be buying stocks as per the data source.
Regards
Mayank Gupta
http://www.wealthbazaar.in/
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