Nifty has been moving in volatile upswings and downswings for sometime now.
It broke above the psychological barrier of 17,200 last week , opened below that today but bulls eventually took control and closed it above the resistance of 17,200 which shows buying pressure. Also, last week's breakout was pretty strong so expect one more leg to the upside towards the highs created last week.
Cheers!
It broke above the psychological barrier of 17,200 last week , opened below that today but bulls eventually took control and closed it above the resistance of 17,200 which shows buying pressure. Also, last week's breakout was pretty strong so expect one more leg to the upside towards the highs created last week.
Cheers!
