Hi traders,
Finally nifty made new high 6538 in the last week and broke the previous high of 6336 which it made in the week ended on november 12,2010.If nifty sustains this level without experiencing much profit booking, market will enter into trending market situation and trend will be clearly uptrend. There is much likelihood that nifty will touch 7500 in the ensuing 12 months period.
So traders should use technical analysis keeping this view in mind.
Finally nifty made new high 6538 in the last week and broke the previous high of 6336 which it made in the week ended on november 12,2010.If nifty sustains this level without experiencing much profit booking, market will enter into trending market situation and trend will be clearly uptrend. There is much likelihood that nifty will touch 7500 in the ensuing 12 months period.
So traders should use technical analysis keeping this view in mind.
