Following topic name was posted in the Weekly Outlook of this week:-
Blasting Rally is on After all trends turning Up
Positive weekly closing has proved the accuracy of our weekly projection.
Whole week sideways market between 5323-5427 with both lower levels buying and higher levels selling therefore Nifty will firstly trade within this range in the beginning of next week. Technically confirmation of all trends turning up as well as continuation of Bull rally but correction is main demand also. Following 2 demands in the beginning of next week;-
1- If Nifty finally sustains above 5427 in next week then that will be confirmation of Bullish rally after correction completion within range bound market of this week.
2- Sustaining below 5323 will mean rally after deeper correction.
Blasting Rally is on After all trends turning Up
Positive weekly closing has proved the accuracy of our weekly projection.
Whole week sideways market between 5323-5427 with both lower levels buying and higher levels selling therefore Nifty will firstly trade within this range in the beginning of next week. Technically confirmation of all trends turning up as well as continuation of Bull rally but correction is main demand also. Following 2 demands in the beginning of next week;-
1- If Nifty finally sustains above 5427 in next week then that will be confirmation of Bullish rally after correction completion within range bound market of this week.
2- Sustaining below 5323 will mean rally after deeper correction.