As per 29th Nove trading nifty took a bounce from the fall closed at 5830. Good trading.
- Nifty future added 3+ lakhs.
- FII data bought in cash, index future, stocks futures.
- US markets are falling and fall further???.
In a falling market nifty has to bounce up to 5960 and fall further by facing resistance lines around 6000 +/-20 points on eod charts. This is expectation as of now. But if there is any strong news +ve from Govt market has to continue upward journey. As seen from the 2 G/Bribe for Loan scams the medium term down trend is already set that may fall up to 5550-5450-5150 which may run for few months???
Nifty : nifty future short below 5800 stop loss is same. Long if market is in green and stop loss is 5800 future.
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