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Indice NIFTY 50
Long

Nifty set for strong up-move beyond 18k

Par PromodSshrivastava
Nifty setup shows strength to move beyond 18k towards 18500 & 18750 levels making new all time highs sooner than we thought. FIIs & DII selling dropped significantly on Friday to 575cr & 17cr respectively. Buying support should be around the corner as vix has dropped 7% to 17.7 level so long term money flow should come on Monday. In addition, lack of any bad news is a plus. Also result season seems to be looking good for IT majors TCS/Infy. So looks like a bull run is here this week at least, what do you think?
Chart PatternsTechnical Indicatorsnifty50Trend Analysis
PromodSshrivastava

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