Up move in Nifty to continue till 5720 holds - Aditya Birla Money

Nifty traded with a positive bias edging higher towards 5750 zone. Nifty has been moving up in a rising channel with the up move of last three days. As long as the rising trend line at 5720 holds, the index could edge higher towards 5800 levels.

If however the rising trend line at 5720 is breached, the index could correct the recent rise edging lower towards 5670-5650 levels.

Daily momentum has given a positive crossover from oversold zone indicating that any fall now is likely to witness good buying interest.

As long as support at 5720 holds, up move to continue towards 5800 levels.

Source : Equity Bulls

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