If 5150 on Nifty holds & 5250 is breached on upside, expect one way move to 5700/5800, but 5150 should not be breached... right now Nifty is 5195.
Everyone was expecting a test of the bottom made, but Nifty has other plans it seems, It gave a sideways move in the range making an ascending triangle pattern, lets see if it works out...
But if 5150 is breached we can be almost sure there will be no 50 basis point cut & bottom testing is in the cards...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment