Are we heading much higher before the expiry ?!
Yesterday again the markets opened very strong and did sustain till the end of the day and closed almost at day’s high completely breaking all the resistance levels.
We are standing very close to the crucial resistance level of 4551 where there was also a powerful bull trap. If that level is breached and NIFTY closes higher than that, as written in earlier posts our view is going to be extremely bullish and we are going to see a much higher move before expiry.
Resistance levels : 4551, 4599
Support levels : 4502, 4485, 4444