[sharetrading] NIFTY

 

One of the trending indicator has moved back into the positive range. Also another one will join if tomorrow is positive.

The daring persons need to go long here with 5170 as SL.

The bull move coming up from long past is intact as of today……………….

Bears have one more week to fight it out, after which it will be bull’s party….

Above 5300, nxt target our stop 5467. And then our longer one……………..

On a weekly chart we have had a perfect TRIPLE bottom, That too a test above a triangle. I guess there are only few indicators stronger than this. Hence I guess 5160 will hold under all circumstances as of now. A failure of which is big failure………….. And we would see some real downside…..

 

I sincerely doubt it, unless the BUDGET disappoints …..

So consider 5160 as the new bottom.

 

Abe

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