[12:19 PM, 2/6/2020] Jiten Patel: Friends once again i am sending you the above Long term chart.,....
Nifty is in Channel Trading Range.,....
Channel Trading Range currently of NIFty is between @12500 and @11000......
The upper Trendline is the Resistance of the trading range @12500
The Lower Trendline is the Support Trendline of the Trading Range @11000......
When NIFty breaks the upper Resistance Trendline Convincingly and travels upwards then NIFty can travel to @14000.....
When NIFty breaks the Lower support Trendline Convincingly and travels downwards then NIFty can travel to @9300.....
But if the current Channel trendline of resistance and support are not broken then NIFty will be Range bound between @12500 to @11000.....
So happy Investing......
IT is my personal opinion and view only and not a recommendation to buy or sell and I reserved to be proved otherwise also...... please consult your Financial Advisor.......
[2:43 PM, 2/6/2020] Jiten Patel: GSec have to go down to 5:50% then only the Economy will start moving...... right now it is @6:50%..... for Economy to move credit Growth has to go up and Interest Rates have to go down...... otherwise nothing is going to happen..... Economy will run in sideways phase
Nifty is in Channel Trading Range.,....
Channel Trading Range currently of NIFty is between @12500 and @11000......
The upper Trendline is the Resistance of the trading range @12500
The Lower Trendline is the Support Trendline of the Trading Range @11000......
When NIFty breaks the upper Resistance Trendline Convincingly and travels upwards then NIFty can travel to @14000.....
When NIFty breaks the Lower support Trendline Convincingly and travels downwards then NIFty can travel to @9300.....
But if the current Channel trendline of resistance and support are not broken then NIFty will be Range bound between @12500 to @11000.....
So happy Investing......
IT is my personal opinion and view only and not a recommendation to buy or sell and I reserved to be proved otherwise also...... please consult your Financial Advisor.......
[2:43 PM, 2/6/2020] Jiten Patel: GSec have to go down to 5:50% then only the Economy will start moving...... right now it is @6:50%..... for Economy to move credit Growth has to go up and Interest Rates have to go down...... otherwise nothing is going to happen..... Economy will run in sideways phase
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