Hello Readers,
As updated in our sms services to our sms members that markets are heading towards trendline resistance as shown in the fig & we can see some profit booking.
The same we saw in todays markets as due to global cues we opened higher & tested 4540 Nifty spot lvls, we expceted that this pull back rally from 3800 nifty can test 4400 - 4600 lvls, the main reason for the pull back was the Nuke deal in which the Govt won the Vote of confidence.
Unless we are trading below this trendline we can see more profit booking in the markets as we are more then 700 points up from the recent low in Nifty.
Take stock specific approach
Good day
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