From a larger time frame we could just consolidate in this 7725 to 7950 band and then break on the upside in the coming weeks, says technical analyst, Mohit Gaba.
The Nifty opened gap up cause of global cues and diesel price deregulation on Monday, it however did not close at the highs of the day but at the same time held onto a 100 point gain for the day. We may or may not see immediate follow through on the upside on the index but I get the feeling we will not break 7750 anytime soon.
From a larger time frame we could just consolidate in this 7725 to 7950 band and then break on the upside in the coming weeks.
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