Bulls gain strength and successfully above 12000 level. Rally continues..

Finally, Bulls gain strength and successfully held 11800 level and even crossed 12000 level.
Now as long as nifty holds 11900, upmove continues towards 12100-12120 zone.
Buy on Dips mode.
Short covering rally comes above 12035 level,
Avoid fresh short selling.
Short sellers need to wait till 11800 support breaks.
Untill then keep building long positions with strict stoploss orders.
Resistance 12100-12120.
support 11900-11800.
Suryadev Bandari
Research Analyst

Popular posts from this blog

Exhaustion gap formed. Bulls strength eroded???.

Bearish Harami Pattern at Higher levels limiting upside.