Trade Setup for September 11: Nifty continues healing however is it the calm before the storm?
The marketplace has a mind of its own. On a day when the street anticipated a repeat of Friday's decreases thanks to the sell-off on Wall Street, the Nifty ended greater. The Nifty ended higher on Tuesday also, however then the gains were not as much as the street prepared for, thinking about the strong handover from throughout the Atlantic.
The Nifty did cross 25,000 and even 25,100 intraday on Tuesday, however might not sustain above those levels. There was some resistance seen at the 25,150 mark, which resulted in the index turning from its intraday high of 25,130, and ended 90-points off the day's high.
Nifty's rate action nearly makes it encounter as if the bulls are treading every action with care and not tossing care to the wind. There is some extremely essential information and o...