NIFTY EOD REPORT AUGUST 2 ND

IS THAT SO, BEARS WENT TO SLEEP ?IT SEEMS TO BE TOTAL SENTIMENT "BULLISH". ALWAYS ONE HAS TO BIND BOTH FUNDAMENTAL & TECHNICAL

FUNDAMENTAL : MARKET IS STRONG NOTHING WRONG HERE SO FAR OR NOTHING WRONG REVEALED SO FAR.
TECHNICAL:
KINDLY WATCH THE ABOVE NIFTY 6 MONTH CHART .
STILL SOME STEAM LEFT THAT CAN TAKE NIFTY CLOSE TO 5500-5550 THERE AFTER SOME CONFIRMATION ONE CAN SELL....

MAINTAIN LONG WITH STOP LOSS 5375 TARGET 5484 -5550
SHORT ONLY BELOW 5375 TARGET 5310-5278

INTRA DAY SELLING ON HIGH AND COVERING WITH 20 TO 50 POINTS IS TRADERS RISK

GLOBAL MARKET SUPPORTING A LOT EVEN THEY DISTURB NIFTY DID'NT GET DISTURBED THEY REMAIN CALM AND DIVE WHILE THEY CAN .
TRADE CAUTIOUS

REGARDS,

PEARL KUMAR (AUGUST 2ND NIGHT 11.30 PM )

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