Holding above 15778, Bulls to take nifty higher towards 15945.

 Nifty still in trading range between 15500 to 15965 range.

Any further move, nifty has to break this range.

Technically speaking, 15845 is crucial level to watch on Monday, once this level recapture by Bulls, we see more buying interest coming in market.

Bullish sectors for this week are IT , Metals, Realty and Pharma.

Stock specific moves can be visible. Be with sector leaders. Stock selection is crucial.

As long as nifty trades above 15500, this is Buy on Dips mode.

Technically,

RSI  trading above 51 level and MACD ABOVE zero line. 

Odds are still in favor of Bulls.

Regards,

Suryadev Bandari

Research Analyst

www.earningwave.com

 


 

 

 


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