Nifty achived the given target today 5140.00 in the market opening.In our 'bank nifty Intraday blog' we wrote in our pre-market prediction- on '23 rd feb' the market is preparing for a rally about 300 +points and we also gave a proposed Target i.e-5140.00 and today the market opened in a gap up and achieved the 1st target 5140.00 and gone upto 5145.00. There after nifty lost its momentum and came down.
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What will happen in the coming sessions?
Our technical parameters are still suggesting that, the market may have another boast upto 5300.00 +level.See the last two trading days in the graph, how the markets jumps up(Gap up) to attain the desired TARGET Level as per technicals.it is really an amazing study about the market technicals.
On 9th march-10, The market may open in a mild gap up and trades in side ways..if it moves beyond and sustain-5178.00 level massive buying will take place and that will confirm the up move towards 5300.00
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