अब समझ में नोटबंदी आ रही है ?
Nifty touched 50 DMA in hurry but could not sustain above it and finally reached in strong support area of 10450-10400. Lets see that how it unfolds in coming week.
Stochastic 14,3,3 given fresh buy and still holding this since last week, it may also help bulls for a rise of 200-250 points easily.
Pricewise 10475-10525 is now strong resistance area, sustenance above 10525 may bring rise upto 50 DMA near 10590 and sustenance above 10600 may open gateway for 10750-10800.
Trendline support is near 10365 so sustenance below 10365 may open gateway for another fall of 250-300 points of faster fall so keep close eye upon 10365 now for further downside. If Nifty sustain below 10365 then do not try any bottom fishing, fall may be serious below 10365.
Have a nice and profitable week ahead, take care of you & your family:)