Personal View : Mayur Shah Education Instructor
235 points Zoom after a long time, Post Budget Rally is likely to continue as expected, Nifty took support @ 6800 - 6850 levels and bounced sharply on Monday 29-Feb-2016 and it continue yesterday.
As said in the last update that if Nifty sustains above 7090 - 7100 levels will lead Nifty today 7200 - 7250, today it looks like that it will cross 7250 levels also in the opening trade as SGX Nifty is up by more 100 points.
We update with further levels once the markets settles and give some further direction, Also there's a small gap on daily chart of Nifty 7325-7363 levels, So let see whether it closes the gap or take resistance near this gap.
Trade with Stoploss and with Proper Money Management.
Regards,
Mayur
Mayur
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