Hello Readers,
We are posting our views for markets after many days on this blog site.
Nifty is forming a triangle on charts as shown here in the figure where its not breaking the trendline lows & not crossing the trendline highs. Any side break out or break downs with volumes with create a great situation as if upside break out comes then we can see 10 % rally from yesterday close & break down rally comes then we can see the same % rally on down side.
Anyways our views are bullish on the markets & we will see upside rally in the days to come as imp resistances are 4925 , 5050 , 5170 & 5250 while imp supports are 4725 , 4650 & 4580.
On charts we have highlighted few indicators which shows bullish signs on the daily nifty charts. this are pure personal views & please read disclaimer & diclosures on this website posted on the lower end.
Technically the stocks which lead to the rally are Reliance pack stocks which has good weightage on the index. Stocks like Reliance industries, Reliance capital, Reliance communications, Reliance Petroleum. But we wil give more weightage to Reliance industries & Reliance petroleum.
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