Should you be bullish on the Nifty recovery? Well, our answer will be No and this is the reason we have asked you not to deploy your cash in one go in any of the delivery stocks and instead move week by week and investing only small surplusses and stick to the leaders in the segment.
As we can see from a technical perspective, Nifty coming off the decade-old upward rising trend line is a significant technical event. The trend line was a crucial support and the index retracing from that point has reinforced the fact the trend line as a major pattern resistance for the market, which has resulted in the formation of a lower top. Thus we remain bearish till the 10000 marks is not crossed on a closing basis.
We look forward to your experiencing the bank nifty option tips for tomorrow and not to forget to use our best intraday stock tips to make money in the stock market.
As we can see from a technical perspective, Nifty coming off the decade-old upward rising trend line is a significant technical event. The trend line was a crucial support and the index retracing from that point has reinforced the fact the trend line as a major pattern resistance for the market, which has resulted in the formation of a lower top. Thus we remain bearish till the 10000 marks is not crossed on a closing basis.
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