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Thursday Nifty was trading in the zone of resistance 5140-5190. It failed to close above 5180 & start Intermediate uptrend. Intra day support for Nifty was near 5130. Auto stocks were the strongest for the day. Global market trend was up during Indian market hours. If Nifty closes above 5180 then the probable targets will be [...]
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Wednesday Nifty was an example of classic trending day. IT stocks were the strongest for the day. Global market trend was up during Indian market hours. As mentioned on Monday market has started a short term up trend. Lets see what happens at 5180 , the level above which the Intermediate trend will turn up. - [...]
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