Today Nifty had opened weak but has closed at 5556.16 with a gain of 47 points from its day open.Nifty is still facing a strong resistance from the level of 5600 and failed to move above it.
Nifty is still trading in a small trading range from 5500 to 5600.
In the current scenario it is forming a bullish head and shoulder pattern where 5600 is behaving as a neckline a strong neckline, if it breaks the same it can touch the level of 5900.
Nifty is still trading in a small trading range from 5500 to 5600.
In the current scenario it is forming a bullish head and shoulder pattern where 5600 is behaving as a neckline a strong neckline, if it breaks the same it can touch the level of 5900.
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2 comments:
Should we go long for a target of a)5600 or b)5900 tomorrow morning ?
Go long above 5600 with a target of 5900
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