Nifty - going strong, 14270 important for bulls.
ADX rising, DI+ weakened shows some weakness, DI- indicating upternd.
RSI rising and above 80, highest since Nov. 18
14640-14710 can be resistance points for the day, 14510-14450 should act as supports.
Long trades using bull spreads of duly hedged strategies can be taken, as long as 14270 holds.
RSI rising and above 80, highest since Nov. 18
14640-14710 can be resistance points for the day, 14510-14450 should act as supports.
Long trades using bull spreads of duly hedged strategies can be taken, as long as 14270 holds.
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