NIFTY witnessed huge upswings and downswings last week. But it managed to close near the all time highs of 17900-17950 .
On the hourly charts markets tried to move down twice and failing both times. So if markets go above the high of Friday , some short covering can be expected and markets can move up to create a new all time high . Also , the big round number of 18,000 is close by and markets like to test the big round numbers if they are nearby.
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Best
Piyush
On the hourly charts markets tried to move down twice and failing both times. So if markets go above the high of Friday , some short covering can be expected and markets can move up to create a new all time high . Also , the big round number of 18,000 is close by and markets like to test the big round numbers if they are nearby.
Follow me and support my work if you find my ideas valuable.
Best
Piyush