Till yesterday, I was confident of NIFTY at 5300. Today’s price action proved otherwise. I no longer think that it will touch 5300. Of course, Price action is the key.
Now, What I am looking is a weekly close for confirmation.
We can start thinking about the 4750-20 kind of fall in the near term. After the weekly close is ascertained, the actual target can be assessed.
The new look of the chart will be presented after the weekly close confirmation, which I think it will be apt.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
MASTERSTROKES
