Nifty cruising at 16000. Will it reverse or not ???
Nifty is rallying after the breakout of the trendline.
In my last post on May 21 I did mention that 16000 are on charts and it is proving to be right.
But the concern here lies with the volume.
The rally is happening but it is not volume supported.
We are 300 points away from our target. Hence stay on alert and keep grabbing the points till the trend rally's.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
In my last post on May 21 I did mention that 16000 are on charts and it is proving to be right.
But the concern here lies with the volume.
The rally is happening but it is not volume supported.
We are 300 points away from our target. Hence stay on alert and keep grabbing the points till the trend rally's.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
