Is everything ALL is Well in the markets.
As mentioned in my last article that the markets are poised to have a sideways or negative runway. Nifty after facing trouble to cross the 5300 levels, closed at 5249 after making a high of 5287. markets are trading in a very narrow range. In the chart we can clearly see that the Nifty is facing resistance at 5300 levels and took support at the trendline. Nifty close below 5238 can take the Nifty to 5200-5180 levels. Mukesh Ambani has once again sold its companies share from the Treasury raising some more funds from the markets. It seems the RIL shares have been pulled up for only this reason. There was no other reason for the rise in the share price. Ril chart shows weekness and it may fall down to 1045 levels. Close below the same will take the stock price to 1026 levels.
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