Nifty Technical View – Breakout lacking volumes.

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Nifty Technical View:

-> The bullish flag/triangle which we have been looking into since a couple of weeks now has been broken and Nifty is sustaining above it.

-> Any breakout needs to be followed with a good price action and volumes which is lacking as of now.

-> The recent top at 5380 will be a next trigger point for a breakout which we would be watching till then continue to be stock specific.

-> On the downside we may continue to watch the 5100-5200 band for supports.

 

We would be closing the ANALYSE WEALTHWYSE plan by end of April. We have already initiated some strong recommendations which could give excellent returns over the next 3-6 months. For more check

https://nooreshtech.co.in/2012/04/analyse-wealthwyse-the-absolute-return-portfolio.html

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