Indices are soaring higher into uncharted territory without any interruption. Momentum is seen in state-run banks, whereas Nifty Metal and Midcap indices bounced back from their lows.The suggested Double Top Buy pattern on the Point & Figure chart has got achieved.
The Nifty’s 5-day simple moving average (DMA) stands around 11,159, which indicates that the bull run is intact unless the index trades below it. The benchmark index has a higher gap unfilled around 11,185 levels. So, the possibility of prices retracing to fill the gap cannot be ruled out.
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/
The Nifty’s 5-day simple moving average (DMA) stands around 11,159, which indicates that the bull run is intact unless the index trades below it. The benchmark index has a higher gap unfilled around 11,185 levels. So, the possibility of prices retracing to fill the gap cannot be ruled out.
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/
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