About meI am a strongly believer in Technical analysis. The published ideas purely for my own diary purpose and it is just my opinion, no financial advice and no recommendation to buy or sell given or to be consider.
With Yesterdays stimulate package from Indian Govt. Market is expecting to touch its resistance. I am closely watching from 9600 levels. If Nifty start losing its momentum from 9600 levels, then the downside rally is confirmed and expecting target is around 8000 levels.
At present Nifty raised sharply to its 50%. Nifty must take support at this levels and move further upside. But if Global impact is negative, then NIFTY may weaken and may touch 5000 levels in this year.