Nifty is facing stiff resistance at 4900 levels. Nifty 23.6% retracement is at 4900. Nifty once again closed below the major resistance level of 4950. In the last few ocassions its been noticed that the Nifty trades around 4900-4950 but the close is not above 4950. But this time according to me the Nfity will give a close above 4950. Due to the short trading week, the momentum is very volatile
Yesterday I had given a call of Rel Capital with the price tgt of 1375, that was reached. My target for RIL Ind was 2645, that was also achieved.
Buy Bharti Airtel above with price tgt of 850, close above 850 will take the price upto 900.
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