Time for Indian Economy to Celebrate
In the past five trading sessions, Nifty was a bit all over the place and largely traded within the range of August 30, except for Thursday. Nifty has faced resistance at the down-sloping trending which connects the last three tops Nifty made on October 21, January 22 and April 22. The resistance of the trendline stands at 17,800 levels and Nifty in the second half of the month of August did break the trendline line and sustained for a few days but eventually gave up with a sharp fall and thereafter it has been oscillating in a range.