Tuesday 27 February 2018



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The real test of the recovery swing would be seen between 10653 and 10736. This range getting taken out would tell us that a probable retest of the all-time-high of 11171-markThe Nifty is clearly in a bullish mode. The most critical zone in today’s session is located between 10484 and 10515, so long as this potential strong support zone is held the bullish momentum would be operating. A stay above the 10560-mark would signal real strength. However, the real test of the recovery swing would be seen between 10653 and 10736. This range getting taken out would tell us that a probable retest of the all-time-high of 11171-mark.

That being said, we would do well to remember that any failure to decisively take out 10653 through 10736 would make it clear that this upswing is just a pullback after a protracted fall that lasted for about three weeks. We are well set for a crucial test today.

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