- Friday, Jan 6th surely meant a very bullish day with NIFTY moving up by 80 points in a few hours time.
- 4730 was broken as assumed but a strong bounce back occurred at 4690. This could either be because the volatility had to increase or because a 60 point fall in a few hours is too big to digest.
- 4780 proved as an effective resistance once more.
- As the end of day is volatile no clear direction should be assumed at opening.
- Jan 7th has opened with a fall of almost 70 points. 4780 is surely remaining unbroken today.
- A bear is lurking in the shadows below 4690.
- Also a day where level is maintained should mean an extremely bullish week coming up.
Let me know any stocks that you would like me to follow apart from Nifty. I will be happy to add on.
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