Will Indexes scale to Higher levels ??
Nifty has given a breakout from a 2 month consolidation and moved towards 22450 levels.
Now it seems tht on a shorter time frame it will retrace and take support at 22250-22280 levels to create a base for the next upward journey.
Bank Nifty have given a strong close at 47300 level. A close above 47350 level will open doors for 48000-48200 level above which will open doors for 49200-49600 levels in nifty
Now it seems tht on a shorter time frame it will retrace and take support at 22250-22280 levels to create a base for the next upward journey.
Bank Nifty have given a strong close at 47300 level. A close above 47350 level will open doors for 48000-48200 level above which will open doors for 49200-49600 levels in nifty
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