Nifty Crosses 4510. What's Next??
Some people are saying this is bull market and some strong bear market rally, and since the Nifty has raised almost 400 points in last 4 days, what should we do now as trader.
Some folks are talking about cup and handle formation, but for that a small correction for handle is needed, the time frame for which is 4-9 weeks. if you look at the weekly charts of Nifty, look at high price during Sept 08 of 4649. It seems to forming the The Head and Shoulders bottom pattern. Key level again to watch here is 4625-4649. If it break out above 4649 and continue to trade above that one, we may say that we are now in a Bull Market.
Lets see, how the nifty progress during this week.
thanks,
No comments:
Post a Comment