Good morning,
In my weekly update, the view presented was as below:
"For Monday (2nd June, 2014), the decisive level for Nifty cash is 7275 and 7209.
The breach above 7275 may push Nifty cash towards 7370-7410 area whereas breach below 7209 may start a fall towards 7000 levels."
The Nifty cash already reached target area of 7370-7410.
The current market action (of 03/06/2014) forces me to expect more upside (if 7425 of cash Nifty is crossed) and keep aside the view of fall till 7000 levels. My new view is as below:
If Nifty cash crosses above 7425 then it may move up till minimum of 7670 and may probably hit 7700 or more. If it fails to cross above 7425 then the earlier view (expectation of fall till 7000) will hold good.
One can buy above 7425 with stop loss below 7370.
No time to prepare update in report format and hence in hurry this mail.
nitin sir
WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!
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