5180 is a crucial level of resistance: Maia Financial
ET Now talks to Hemant Kale, MD, Maia Financial Services Pvt on markets.
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| ET Now talks to Hemant Kale, MD, Maia Financial Services Pvt on markets.
How difficult does 5200 look on the charts?
5180 definitely on chart looks to be a very crucial level of resistance on the upside because the oscillators also tend to be in the overbought territory. I do not say that markets may correct very drastically but what I say is that we should at least expect some sideways movement or some sort of correction on the downside.
How difficult does 5200 look on the charts?
5180 definitely on chart looks to be a very crucial level of resistance on the upside because the oscillators also tend to be in the overbought territory. I do not say that markets may correct very drastically but what I say is that we should at least expect some sideways movement or some sort of correction on the downside.
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