Market to gain up a momentum of 5200 level
Anu Jain said, “It’s
been a bull and bear fight to say the least. The market has been
resilient, but the momentum that I was expecting or anticipating
hasn’t come yet.”
She
also said that every time the market managed to close over 5,150 or
closer, we either had a gap down or negative news the next day.
She
predicted that if Nifty is able to conquer 5200 level then we can see
a strong momentum build up. This momentum build up may be such that
the market moves up to a level of 5350.
She
also added that if we continue to trade the way we are trading now, a
level where we are not able to reach a level of 5200, there are
chances that we can swing back to 5000 levels once again.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.