Well, there was a cracker today.....! In my last mail, I have hinted about 8710.... might have looked like...we were nowhere near to that level, when NIFTY was in and around 8900 level and aiming for All time high...!
I have told that as long as 8710 is intact, it can bounce back...!
Now , from a sky high - it has slipped about 150 points & touched 8700 and holding above 8730 at this moment...!
If you ask me, it is in a crucial stage now... It has equal chances of sliding towards 8520..... & coming back to break all time high (or) Now itself , it can go back to 8951 zone...!
To put it simply , On a day closing, if 8778 is made , remember that we are once again moving towards 8951+ zone....! Else, there could be a slide towards 8520....!
You may align your positions accordingly please.....!
With kind regards,