Levels and Plan for 22nd June
On Friday the Nifty rejected the consolidation zone of 8175- 8130 in a gap up and proceeded to establish value higher. This is the 4th Straight session value has climbed higher but the immediate upside for the next session looks capped. We wait to see if the dips produce new buyers.
Nifty/ BN Weekly View (spot) for 22-26 June’15
The short Covering we had seen in the week prior, last thursday gave an opportunity to the Buyers to build long positions in the index and the Nifty finished near the highs of the week after running up 300 points from the lows. The coming week has series settlement and the focus comes back on […]