SO we got the upmove . The underlying BULLISH TONE was felt because of an ASCENDING triangle like formation . But now we are at MASSIVE MASSIVE resistance zone . The GAP just over 5230 should also be major resistance .I dont see the nifty crossing that in the near term . Also at Overbought LEVELS .
SHorting today for a target of 5080, i.e 50 EMA( Close) by Monday . Todays EU meeting is also NOT EXPECTED to provide ANY REAL SOLUTION .
SHorting today for a target of 5080, i.e 50 EMA( Close) by Monday . Todays EU meeting is also NOT EXPECTED to provide ANY REAL SOLUTION .
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