Today Nifty spot made a high of 8385 and closed at 8372. Today morning we mentioned if nifty breaks last weeks high we can see some more upside. As per our calculation, Nifty spot crossed all resistances and close at 8372.
If u watch the daily eod chart u can see Inverted head and shoulder pattern in nifty spot. Surely we can see some up of more than 400 points very very soon.......
It may happen as per our calculations.....
This seems to be very good closed for nifty spot. Tomorrow if it sustains above 8400 in the morning session we may see some downside in the noon and good up move in the end of the day.
Avoid Shorting nifty at these levels, Being the First year end of MODI government some up move is waiting in the cards....
Wait and watch
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