NIFTY VIEW FOR SEPT WEEK 1

ON WEEKLY CHARTS 11600 LOOKS THE LEVEL TO WATCH OUT FOR ON CLOSING BASIS.

AS LONG AS NIFTY HOLDS THE SAME,COULD BE BOUGHT ON EVERY DIPS..

BUT BROADLY I THINK NIFTY WILL CONSOLIDATE GIVEN MACRO FACTORS LIKE RUPEE WEAKENING & HIGH CRUDE OIL PRICES..

BUT UP TREND IS STILL INTACT..

HAPPY TRADING!!!

Kommentar:

Close below 11600 on first day itself.. Not a good sign.. But 11520 is the immediate support..

Kommentar:

Nifty Closed exactly on given levels... I expect some bounce back from here.. Unless any negative news comes into the picture..