1.5.2016 NIFTY VIEW: NIFTY CLOSE 7898.25
FROM 8 TH MARCH NIFTY Holding daily rsi 57 which have not fall below last 2 month..any retracement from mutliple resis 67 rsi all fall is supported by 57 rsi again on friday same daily rsi have supported from 7830 bounce taken also last 4 days nifty have taken 7830-7832 multiple support and bounce.
friday high 7950 -7830 nifty sideway mode.. cross above 7950 nifty will start upmove move to 8110-8145--8246 zone...
any fall is expected in nifty on daily rsi only break below 56.7 we will retrace upto 40 rsi any fall below 7820 close retracemetn will start toward 7721-7680 nifty either cross above 7950 or 7721-7680 level journey of nifty last rise will start toward 8110-8145-8246. we will be highly cautious in zone from 8110-8246 zone... last 3 report we are updating cautious level above 8110-8300 zone... before that any fall strong buy... for upper level complete..
we are expecting healthy correction mode of 3week soon. once above level touch..
slogan in mkt sell and go in may might not prove so effective.. 5 week month. mkt will sideway upper resist consiladating formation might happen in may...
banknifty break below 16530 only expected fall else friday high 16950 cross we will see rally toward 17200-17400
dow also getting support zone near 17535-17333 can rally toward 18100-18330 zone
commodity too shiting in resistance zone... indicates equity and commodity retracement will show equal retracement soon.
aayeshatech
9904167626
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