The Nifty was bullish as predicted yesterday. The tipping point for today is at 5780 above which Nifty will be bullish with immediate resistance at 5798, 5838 and then 5865.
On the flip side, in case the nifty trades below the 5780 mark for longer period with good volumes, the support is at 5765, 5745 and 5703 but the sentiment will be of consolidation with bullish bias. The sentiment will change only if it dips below 5703 which seems less likely at this stage. All the technical indicators are in bullish pattern.
On the flip side, in case the nifty trades below the 5780 mark for longer period with good volumes, the support is at 5765, 5745 and 5703 but the sentiment will be of consolidation with bullish bias. The sentiment will change only if it dips below 5703 which seems less likely at this stage. All the technical indicators are in bullish pattern.
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