Hi traders,
Right now, Nifty is in strong uptrend. On feb 28,1914, it closed at 6277 and now it has climbed to 6642,about 5.81% rise during March 1914 series.
Nifty will continue its upward journey during April 1914 series also. It has strong support around 6500 and if it is broken, 6400 will emerge out as a support number 2. Nifty's trading range would be 6500 to 6750-6800.
All the above assertions are based on the assumption that new government will assure stock market participants it's political stability with strong desire to boost India's economic growth.
:)
Right now, Nifty is in strong uptrend. On feb 28,1914, it closed at 6277 and now it has climbed to 6642,about 5.81% rise during March 1914 series.
Nifty will continue its upward journey during April 1914 series also. It has strong support around 6500 and if it is broken, 6400 will emerge out as a support number 2. Nifty's trading range would be 6500 to 6750-6800.
All the above assertions are based on the assumption that new government will assure stock market participants it's political stability with strong desire to boost India's economic growth.
:)