Nifty(India) has cleared the overhead resistance and is firmly in the grip of bulls. We have to wait and see if there is follow through in this up move after the presentation of the Union Budget. Swing targets have been drawn in the chart based on Fibonacci extensions. Bulls can be assumed to be in control till the level of 8350 is not violated. 7900 should now be considered as very strong support. Chart is posted for educational purposes and is not a recommendation to buy or sell. A very happy Republic Day to all readers in India.
|BULLS EYE HIGHER SWING TARGETS ON NIFTY|