Free Stock market / Nifty intraday tips

Nifty continues to drill downward

nifty downward

Nifty continues to drill downward,

“The difficulties with the most of technical analysis, I really believe, traders should act on before planned”

nifty downward

From the 1st Feb 2016, Nifty continues to drill with low 7215. but, What is now?
Intraday support predicted as 7192-7166, but, we do not want trade 7160 below.
In case, its will drill continue, next point to an important for expecting buyers at 7066-7032.

 

Just look up this:

  • doubts over the ability for the Fed to raise interest rates this year
  • Dragged by global cues
  • commodities stocks continued to get hammered

 

We’re holding Rcom between Rs. 55 to 57. Expected buy from 52.8 in this script. I will update soon about Rcom.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They’ve black magic of stock market analysis because studied charts over 20 years.

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