11/05/2015
Nifty reacted just the way we had predicted it to happen when every other person was talking about huge gains in Nifty/Sensex..Just check this post given on 22nd March 2015. Nifty crashed to sub 8000 levels on 7th May ;15. Please reach us for a refined advice on Stocks, commodity and currency markets to gain handsome return on investment.
Where is Nifty heading?? Nifty was trading in a rising channel from Mid 2014 (Pre-election) and the uptrend was intact till date. Beware, there appears to be a loss in momentum in the uptrend. Investors who had been observing the markets in close quarters should be aware that all bullish news like Rate hike, elections, rise in global markets seems to have no impact by the constant decline in prices
Does it mean has the trend reversed? As of now, Nifty is trading within the rising channel and above the 100 day Moving average. The upper channel support and moving average shows major support at 8500 zone. Multiple closes below 8500 will power the bears to take charge and a major correction may be in the offing.Reach us to know the real market situation.
