Markets on 16 April 2019 closed on 11787 after hitting a high of 11810 as anticipated with lot of positive news , we had already discussed earlier about the possibility of Nifty crossing over 11761 and likely to head towards 11860 with a new high of 11810 it seems that 11860 is not distant dream.
TOMORROW :- 18 APRIL 2019 LAST DAY OF THE WEEK :- It can be again surprising day in the market with may be new top (expected 11860 and above) what technical averages of the Nifty suggest is some thing good in store. Any under estimation to the growth for current markets can be wrong because of the pending ROLLOVER in next week.
Markets have performed well in March and April so far and expected to be range bound between 11640- 11680 and the ANY OTHER WOULD NEW TOP OTHER THAN 11810 MAY BE 11860 -11960 AND FURTHER TILL 25 APRIL 2019.
Many sectors have not performed many stocks are absent in this RUN particularly Reliance Industries and LT and NIFTY PHARMA and many more laggards are likely to react in the coming days till 25 April 2019 (ROLLOVER) .
FINALLY IT WILL BE WORTH MENTIONING, IT LOOKS A VERY STRONG BULL RUN ANY UNDER ESTIMATION CAN PROVE WRONG.
market analysis 