most ( on TV) are expecting significant resistance at 5600 levels which is an obvious resistance.
but taking it out or not taking it out doesnot lend any weightage on the charts.
say what happens if 5600 is taken out and index reacts from 5700 odd. does that mean index is strong or weak?
so it is a resistance alright but not one that matters.
i look forward to 5800+ level as the first indicator of strength on index.
No comments:
Post a Comment