NIFTY open is high but holds target 1 and 5 dma and rises.

Nifty took support on target 1 and touches 5 dma.
causing no harm to the ongoing bull run.
FII figure slightly negative.
with dow approaching 31000 mark. at this moment
gap up opening likely in Indian market too tomorrow.
but jumping at the gap up may not be rewarding.
please observe 1 st hour range if it is too large further upside may require more thrust.
if range is small market likely to be trending.
stop loss should be obviously today's low.

Commentaire:

open is almost high.