I am just recalling the message - which we have published on 10th Feb,2016
Nifty's trend - 10th Feb,2016
Dear Friends, Good morning
As per the technical indicators , NIFTY is all set for a bounce back very swiftly - if the 7240-7230 region is not broken....
If 7230 is broken - indicator suggests the level of 7118 zone & from there upto 7040 ...
But , FIIs pricing action indicates NIFTY should cross the level of 7419- 7435 at any moment.... !
The better strategy would be to watch the level of 7230 - whether it is broken / held & accordingly align the positions....! =================================================
Technically when we have closing above 7240 - the recent pricing action suggests we should cross 7485...!
As we have reached on the doorsteps of Expiry - expect some amusing moves...! Otherwise, NIFTY is all set for a cracker...!
Wherever it goes upward / downward - we will be benefited , for sure....!
Have a fantastic day !
With kind regards,