price trading at its resistance trend line as I mentioned in my earlier post
if price crosses t t t this trend line and sustains above 14,800 then take it as a positive signal.
nifty might go above 15,000 in the next upcoming sessions.
and also those people asking me about covid cases and the relation between nifty
that how can nifty be positive while covid cases are rising. is that a bull trap?
let me clear this in few points-
1. global cues are in positive
2. peoples are not exiting from their buying positions like the first wave of covid. because at this time investors are thinking if we sell our holding then we will have to face loss as stock price will rise more after covid like before.
3. domestic and FII are taking this as a very good opportunity so they are buying more
I have more points to discuss so I'll discuss it aftermarket time
meanwhile experts please share your views in the comment section
or also share your opinion