Nifty heading towards 9000 mark. 10% - 15% correction round the cornor
Dear All,
As we fast approach the key level of 9000 mark in Nifty; Nifty could face stiff resistance around previous life time high zone. On the valuations front too, Nifty current value is stretched. Technically, we hadn't seen a meaningful correction from the bounce from 6825 making a strong contention for a 10 - 15% correction most likely. In the weeks ahead we are moving towards 8000 mark. Any bounce towards 9000+ mark need to utilized for profit booking. I have updated our trade book for a quick reference.
Link: http://tinyurl.com/h2o3odo
Happy Trading!
Praveen Pathiyil
0 comments:
Post a Comment
Note: Only a member of this blog may post a comment.