Nifty 50 index tried to break 14550 level but a straddle at 14550 - 14575 pulled the index below 14500 due to selling pressure. Hoever it managed to pullback and close above 14500 on Friday. If it sustains above 14500, then possible upside upto 14700 expected or downside move till 14300 expected intraday. In case of 50 - 60 points gap up, 14600 will play a crucial role.
Any suggestions, comments for improvement are most welcome.
Any suggestions, comments for improvement are most welcome.