Market views
17500-17600 is not just a good support zone but a demand zone (as per me)
CMP 17700 around; I strongly feel that we’ll reverse from 17600 around levels
If not this then at least around 16900-17300 although I this zone I believe we’ll not go beyond 17200; means mostly 17200-17300 will be potential reversal (note that I strongly believe that we’ll reverse from 17500-17600 only but if failed then only further views; we’ve to be prepared)
I’m still bullish and expecting new highs in next few months and 19000 target is definitely intact with confidence ⚡️
Views are personal and based on psychology, common sense and Bhav 📈
But why I’m bullish ?
- Indian Economy: doing good
- Indian Government: their decision are healthy for markets
- Valuations: Nifty PE is comfortable
- Psychologically