Real-time Stock quotes, portfolio, LIVE TV and more.
Sep 08, 2009, 09.38 AM IST
Nifty can now head towards 4900 levels, says FinQuest Securities' report.
According to FinQuest Securities' report, Nifty has breached the resistance at 4730 decisively with a Bullish Belt hold pattern. Nifty can now head towards 4900 levels.
FinQuest Securities' report:
Nifty has breached the resistance at 4730 decisively with a Bullish Belt hold pattern. Nifty can now head towards 4900 levels.
Earlier resistance at 4730-4710 is now likely to serve as strong support during corrections.
For the day, Nifty appears to be positive and is likely to head towards 4800-4830. Any corrective dips to 4750-4730 zone should be utilized for creating fresh long positions.
MACD has given a positive crossover after staying entangled for last few days adding strength to the positive outlook.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals