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TECHNICAL ANALYSIS Course starts 24th April 2018 at Sion. For more info call 9820526455.
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Weekly analysis : MID-CAP RALLY TO GAIN MOMENTUM - 17/08/2018

MID-CAP RALLY TO GAIN MOMENTUM - 17/08/2018.


NIFTY HEADED FOR 12000.

 

After a brief pause, the market resumed its upward rally and now is targeting much higher levels. After crossing the life-high levels; Nifty is likely to go for the target zone of 11907-12391. The markets were expected to take support at the Bullish Gap mentioned last week and it did. This clearly shows that the market refuses to go down and all Corrections are likely to be shallow. As a result, the strength shown by the frontline stocks is likely to rub-off on the mid-caps and small-caps. Mid-Cap 50 Index has closed decisively above the strong Resistance of 5100 and the critical 200dma.

 

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