NIFTY touched the all time high of 9600 only to settle at 9586. Sign of bullishness continues to keep NIFTY in uptrend.
Bearishness in the last week created due to UK Bombings , Indo – Pak tension and the Disappointment Generated due to GST has been digested and discounted by markets! This was a classic example of bull market correction hence the quote by Mr . Rakesh Jhunjhunwala
we are ready to roll towards 9700 followed by 10,000 isn’t a far cry the only question is when ?
EMA 20 & 50 Stay wide apart and bullish as always 🙂
Next Support : 9525 , 9455 Next Resistance: 9634 , 9674
Option Strategy Bullish Credit based strategies as we are in the beginning of the month
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