Monday, April 24, 2017

#NIFTY Review on the 24th of April.

Today we saw a wide spread Up Bar closing at the Top. It seemed that strength has returned for the Market. However the volume remained less than average raising a question on the validity of the sign of strength. The quality of the demand remains poor. Also we have a skewed Effort to Result ratio.  9220 level is likely to provide more resistance.  Unless we see some good quality demand, demand with good increased volume, we are likely to see more sideways move.


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