1st TRADING DAY OF THE WEEK & SPOT NIFTY TAKE'S RESISTANCE AT 4004. NOT A GOOD SIGN THOUGH.
GOOD SIGN WAS THE 80 POINTS BOUNCE BACK FROM THE DAY LOW OF 3910 TO THE DAY HIGH OF 3990. THIS BOUNCE BACK WOULD BE WORTHLESS IF SPOT NIFTY DOES NOT CLOSE ABOVE 4004.
A FAILURE TO CLOSE ABOVE 4004 WILL TAKE SPOT NIFTY TO MEET 3877 i.e THE 200 M.A ON THE WEEKLY CHARTS.
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