NIFTY - spot an update




NIFTY (6115) - After seeing the recent movement that is from 5119 to 6142 that to with in 15 trading sessions, naturally everybody searching for the top out number.

but i don't see any particular number for top out. 

This top range is 7 years old  that is we are seeing this 6000+ range since 2007 on wards.

So now the target and hurdle 6200-6400


In case if real break out happen
 then we may see 
minimum upside target 7300-7400, 
optimum upside target 8100-8300 
and  Ultimate upside target 10300-10600


If the targets are so high, then we need big confirmation then only we can rely on the break out.

So if break and stays above 6200-6400 only, above mentioned upside targets are possible 
(weekly and monthly close are must)

Otherwise this is the top out and/ or  may spike and touch 6594 (+/- 1 %) 
and from there once again down ward journey going to starts... 

and as usual down side targets are 5525-5472, 5225-5175 and 4775-4725





Popular posts from this blog

The Market Journey from 2008 to 2020

RELIANCE - after 108%, time has come to phase out