On friday, I had written that there was a strong trap at 4275 and nullifying that will push markets further up.
"After looking at the intraday pattern, it is very clear now that a powerful bull trap has been made at 4275 levels and this markets might struggle to move past that level. If that trap is nullified and NIFTY closes above that, then it is going to run up all the way to 4475 levels soon."
On friday, market opened around 4275 levels and there was no looking back. It closed almost at the day's high and it looks like the momentum will continue today also.
Resistance levels : 4430, 4450, 4475
Support levels : 4342, 4315
Happy Trading
www.tripleint.com
No comments:
Post a Comment