DowJones hits 10000 after 1 year, Nifty crucial resistance seen at 5250

As i write this blog there is news flashing everywhere that DowJones hits 10k!!! Is it something to cheer about or rather to be more cautious... I think 10000 is only a psychological level and nothing else, the only positive effect it will do will bring back the whole portion of the population that walked away from Wall Street in the last couple of years because of everything that has happened i.e it will only bring in more retail participation


Nifty views: Why 5250 on Nifty and 17700 on Sensex are most crucial levels



As per chart u can see 5250 will act as a strong hurdle.. the corresponding level of Sensex would be around 17700


Stock Views: ITC

Stock gave a fresh breakout yesterday, it was facing stiff resistance around 252-253 levels but only thing is to worry about is volumes. The move has come on very low volumes. Risky pick but can move up



Wish u a happy trading day!

Regards
Ankit