This is chart of GIFTNIFTY.
Looking on chart Nifty is looking strong amid new govt formation. Narendra Modi and his all other partners have taken oath for different oath and things gone as expected.
There is not any big or bad news for market but commentary of the govt for growth prospective is looking good however we have to understand that on the other side this time opposition is strong and it will not be easy to pass any bill as Modi’s govt was doing previously.
For this week Bull will be willing to close the market all time high and then create a sideways market before any trend. As per GIFTNIFTY currently 23200-300 is showing a strength of support. So Nifty may Re-test all time high amid govt formation.
Disclaimer:
Note: I am creating this article for learning purpose and make a data for myself. Any entry based on this will not create any liability on me and anyone/anything in concern with me.