Thursday, 4 February 2016

THE TECHNICALITY NIFTY 5-2-16

    · Market crossed 7471 last week indicating positive bias & momentum. 7605 was not crossed & market reversed from 7600 staying shy of just 5 points. This weeks piece action should be a corrective against the previous rally from 7242 - 7600. Internal waves backed with huge volatility also suggests bottom formation in process.
    · Remember, Leg `g' has a Bear Trap tendency. So stay cautious & Favour the Bulls at lower levels.
    · In short, the bottom-line is `Good Times Ahead' & `Positive Vibes' on the cards.
    · Good Luck..

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