Although Nifty Future did close lower due to the weakness in heavy weights like Reliance and Infosys, market has not yet lost the bullish flavour. It will continue to show strength till such time it remains above the brown trend line shown in the Nifty Future chart. Above 4340 will favour bullish trades.
While considering the overall bullishness particularly in B group stocks, it should be noted that Reliance (may find support @ 2100) & Infosys are showing weakness.
So enjoy the really till it lasts, but caution should be the watch word.
So enjoy the really till it lasts, but caution should be the watch word.
Happy Trading,
Ketan Asher.
please write the nifty level as it is not possible to see the chart as it is too small.
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