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| Nifty Fut Daily Chart |
NF is in highly overbought mode. Yesterday's consolidation after big rally has stalled NS to 4950 level. But as I said this rally is not convincing, it is the liquidity which is driving NS above 4986 level. I am full bearish at this level. Below 4985 short NS. Even NF is in discount now.
RIL is leading the front for NS for last 2 days where as CNX-IT stocks are lagging. But RIL has called for buyback of stocks which signifies down the line the earning will not be good for RIL. Tomorrow is RIL result and from tomorrow the bear show will start.
Hmm.. somak 2mrw It may break the 5050 resistance and will go up. We are hearing the more positive news on the market, hence we are getting some strong support and moving up. Despite of negative news from one or two company.. Market will surge it seems as Rupee is appreciating more and hence Bank nifty is moving up by breaking its resistance. I would hope, 2mrw also we could see some Gap up. it will break 5050 and go above it but later it will consolidates. Lets see..
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