Yesterday Nifty took a strong support at 6080 which was the support line in the channel which i mentioned on our fb page www.facebook.com/mavjihari After the bank policy we did revised our buying call on the page and initiated long on Nifty around 6142-6155. Bank policy was as expected so it rallyed up as rate hike was already discounted for. All the banks and midcap have rallied with huge volumes which is a strong support for the bulls. Nifty has resisted at strong level 6220 which we had been mentioning in our updates all this month.
Our recommendation: HOLD our longs on Nifty with trailing sl of 6125 tgt 6375/6500
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Our recommendation: HOLD our longs on Nifty with trailing sl of 6125 tgt 6375/6500
Follow us at FB page: www.facebook.com/mavjihari Twitter: @chartechnician or LinkedIn : Kush Ghodasara and dont miss any of our updates
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