Nifty New High is possible ?

Nothing Great if nifty goes to New Highs (still it is doubt), as long as if we have not en cashed the rally......

Moreover, YOY nifty index return is appr. 2.92%....................so, nothing great if nifty goes to new High.

All index stocks are trading in negative YOY basis, though nifty is trading at higher range.......This shows all investors are killed............

Message is ......as a trader purely it is number game.....so,let us concentrate on trade instead of challenging new high or new low..............................................

Nifty Analysis

Nifty has taken out 6207 with increased volatility shows that the prevailing trend may continue...............

Historical Index Value and Volatility calculations shows no sign of downtrend as such.

5900 Put and 6400 Call writing was happened heavily as per chart.

Not able to believe uptrend, atleast don't try short as such..................................

Nifty Levels

Nifty 6207 is again breakout, let us hope it may go new highs................................after crossing 6207.....

Hurdle 6207............6207..............6207................6207................6207.................6207.................

Nifty and Infy

Nifty and Infy - Information updated in www.niftymetals.com - Technical Levels.