One of my followers ask on this (Indian Bank Nifty) to tell you the truth I have no idea about it:)
NIFTY seems very bullish , on the other hand it almost reach weakly R3 resistance , and it at cross road with long term resistance at 32000
So if it will not break this resistance line we need to expect as was in previous occasion that it will drop down..
So I would not enter now long .. there are more chances that the trend will break as it on its pick..
on the other hand now all the little buyers run to buy it as it went so strong:) so after they finish there money I expect it to fall to lower levels..
positive scenario is if break 32000 then it can go to new high but it kind of risky to buy it.. short in few days or weeks seems more likely
NIFTY seems very bullish , on the other hand it almost reach weakly R3 resistance , and it at cross road with long term resistance at 32000
So if it will not break this resistance line we need to expect as was in previous occasion that it will drop down..
So I would not enter now long .. there are more chances that the trend will break as it on its pick..
on the other hand now all the little buyers run to buy it as it went so strong:) so after they finish there money I expect it to fall to lower levels..
positive scenario is if break 32000 then it can go to new high but it kind of risky to buy it.. short in few days or weeks seems more likely