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SEE Nifty Chart is at the end of this column. Watch 6030 on Nifty, it will remain weak as long as it is trading bellow that level. Nifty is near the 5950-6000 support range. Lets see if Nifty breaks or holds that range. Nifty has given vulnerable closing last week. Now onwards profit on Investments might [...]
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Reading Glossary is recommended for better understanding of this column Observations & Possibilities: Market has resumed its Intermediate downtrend. 4850 & 4620 levels are possible on downside for Nifty . Market has given poor weekly closing. Intermediate trend of Nifty will turn UP if it closes above 5210. The red trend line in the chart is important supply zone. [...]
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