Nifty continues to drill downward,
“The difficulties with the most of technical analysis, I really believe, traders should act on before planned”
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.