Nifty50 bullish is continue and buyer are not ready to give their control to sellers and slowly-slowly its making high and highs on weekly, monthly basis and as this is election year and short seller do not want to take risk of any uncertain news.
Previous time Nifty50 took resistant at 22500 and went down to 21700 level but this time after taking multiple rejection at 22500 finally has crossed and sustained, which is clear a sign of bullishness.
However on small timeframe there may be a rejection at 22800 for this expiry. I am assuming that if bullish nature continues tomorrow, 23000 may be expected however will not be easy. However Nifty50 may touch 23000 mark before Election.
Nifty50 may touch 23000 mark before Election.
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