Observing today’s market movement it was bit tricky and sideways and advance decline ratio favoring bears. Nifty spot ended today session with a gain of 1.05 points whereas Nifty future closes today session with a loss of 10.35 points. Yesterday market has given breakout of symmetrical triangle and there is no doubt that overall market trend is bullish but this breakout is pull back breakout where index will retest its breakout level which is 10880 and then restart is bullish movement. » Read more
Indian market trade on positive note today on the back of global news and today Nifty future is close to break its symmetrical triangle breakout level. We can access that breakout is near the corner as Nifty future sustain above the crucial level of 10850 and both daily and weekly chart suggesting breakout. Strategy to be followed on Tuesday is buying on dips as market is in bullish trend and do not trade opposite to the trend as it is highly risky now. trend is your best friend, trade in trend and enjoy profit
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