Market is again in Big Resistance level. will those resistance level break or again it will revert back toward near support level 2700.
We hope not this time market go back it may cross its previous high ,next week Obama on 21st Jan night will join command on biggest economy in world.Market is right now in joy to take this event.I hope now market may forget pain and will show some kind of good rally in next three four days.
On 23rd jan , it is day where we are worry since on 22nd evening India's Big Company Reliance Result will arrive .So Lot of Dependency on this.Since for indian market reliance matter a lot.After 23rd Jan reliance number are highly preferable by market.
In Short term market is looking to settle down near Nifty 3200-3300.Let Hope that it should cross 3150 to 3500 on bigger run.I think this would be a big week for buy in short term gain and hope for the best let nothing unexpected come in as Satyam Era in past.
One Good thought for Traders : Patience is Key Mind it
Jesse Livermore words, “When the market goes against you, you hope that every day will be the last day - and you lose more than you should had you not listened to hope. And when the market goes your way, you become fearful that the next day will take away your profit and you get out – too soon.” For small retail investors patience is the key to the game now.
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