- Though i was right about sell off from 200 day average but when i made a bold prediction Nifty will hold 4900 before expiry,market showed me my way when it continuously sustained below 4846 level.
- Now 4900 become tough resistance.
- The 6 month low 4720 is last hope otherwise we may slip a bit more.Any way for medium to long term investments(6months-1.5 years) i still believe this is best time to invest and build a portfolio.I have received many phone calls after they had invested according to my previous post.Stick to the scrips which i have provided.Avoid small scrips based on news or anyone promises it will become double in 1month or 100 cr buying happening...etc..etc
- In market always look for a decent 20-30% return.
- For today's trade first support exists at 4750 and sustainability below this level drags to previous low 4720.
- Upside resistance at 4795 and 4864
- If positive momentum prevails and goes above 4864 then 4900 will be main hurdle
- Bank Nifty will face a bigger correction below 8500 level in coming days
Best to your trading
