NIFTY EOD REPORT SEPTEMBER 2 ND

IT SEEMS TO BE BULLS BACK ? BACK TO GRAB THE NIFTY FROM BEARS HARD HANDS??

WHAT WE HAVE SEEN IN LAST 2 DAYS AUGUST 31 & SEPTEMBER 1 IS REALLY BULLS RALLY??

WE ARE HAVING A LONG EXPIRY TIME OF 15 DAYS ... WHERE WE HEAD?

NIFTY : 5486 FUTURE:5484

ACCORDING TO DATA'S STILL 5500 IS HUGE BARRIER TO BREAK AND HARD FOR NIFTY TO STAY ABOVE THAT LEVEL. GDP NUMBERS & STRONG GLOBAL SUPPORT IN LAST 2 DAYS MIGHT HELPED BUT PROLONGING BULL RUN IS ONLY POSSIBLE IF NIFTY BREAKS AND CLOSES ABOVE "5550" LEVEL.
IN THE MEAN TIME 5400 LEVEL HAS BEEN SET AS A HUGE SUPPORTIVE LEVEL.

NOW LET'S TAKE A LOOK @ TECHNICAL :
NIFTY IS BULLISH !!! & REMAIN BULLISH UNTIL IT STAYS ABOVE "5453" BELOW THAT LEVEL NEGATIVE BIAS MIGHT TAKE NIFTY NEAR 5400 LEVELS BUT THERE IS HUGE SUPPORT AROUND "5395" LEVEL.

OVER ALL TOMORROW ONE CAN SELL NIFTY ON ANY JUMP OF 20 TO 40 POINTS ABOVE 5500 LEVEL STOP LOSS 5550


REGARDS