Now Nifty Moved up 550 Points in 13 sessions ...from here we can see either continuation of up move ..if persists , will be continue for 21 days as next fib golden No is 21... and upside fib target is 6182...
or consolidate here means take a pause ...for few time...
or retrace from here ... the levels are 5795>>><<<5728>>><<<5675>>>.Last two session's trades are indicating that now market is holding this level only due to Big players including FII buying and short covering of small players ...fundamentally market is costly ...no one is recommending fresh buying here in NIfty ...only fresh players are buying at these higher levels ...because old are fully invested ...
please read and comment ..on FII and DII play
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