Chart says JUST DO IT...

Apr 4

Last year after the Ukraine was there was such a panic in the market. People were selling their precious shares at whatever price they could not expecting an adverse event or a fall is an adverse event in itself. In stock market there will be ups and there will be downs...Become a long term investor in Equity. Even the chart today says JUST DO IT as Nifty touches All Time high of 22619.

At this juncture there is a very strong trend line resistance from where there was a drastic fall. The support levels indicated in earlier messages / posts were tested as the Nifty again jumped after taking the support near 22303.

Nifty ended the day again finding itself trapped at 22514.65 which is a strong resistance zone indicated since many days between 22500 and 22530. Once Nifty gives a closing above this zone there will be strong bullish moves across the sectors.

Until then Nifty Supports will be at: 22470, 22417, 22350 and finally 22164.
Nifty Resistances will be at: 22520 to 22530, 22587, 22636, 22690, 22787 and 22830.

In the long run investing in fundamentally strong stocks that are giving a technical is a great idea. So...JUST DO IT.