look at attached chart. nifty resistance zone between 8400/8500. be cautious in long position in that zone. we may see profit booking.
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update on 18.11.2014
we have reached in resistance zone.we are facing resistance in trend line also.be cautious in long positions or book profits.
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update on 18.11.2014
we have reached in resistance zone.we are facing resistance in trend line also.be cautious in long positions or book profits.
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update as on 19.11.2014
nifty has corrected from expected zone. high made 8455.now we may see correction for 4/5 weeks as per attached chart.
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nifty bounced from support of wedge bottom trend line , will go for new high....
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update 24.11.2014
Benchmark indices were trading higher after Reserve Bank of India (RBI) kept its policy rate steady on Wednesday, as widely expected, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary stimulus.
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