Key Points
We have seen the formation of higher bottoms and Nifty repeatedly testing the crucial upward resistance of 22,100-22,150 levels..
Again, Nifty could make a new all-time high somewhere around 22,100 to 22,150 levels before showing a downward correction, small downward correction or a consolidation at the higher levels..
And right now, we are in uptrend and the long-term trend of Nifty remains intact and we are likely to head higher above the 22,100-22,150 marks over the period of time...
Nagaraj Shetti: Nifty Pharma was consolidating recently after a sharp up move and recently, during today's session we have seen some good amount of upside breakout for this stock and the stock mentioned, the last two stocks you have mentioned, both are looking positive..
Castrol India has been in a sharp uptrend over the last few months and after the consolidation of the last week, it has moved up in the last two sessions and looking very positive on the front and overall chart pattern volume and RSI is looking positive, currently trading around 208 levels and one can look to buy for a short term for the target of around Rs 220-222 levels..
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