Nifty Outlook: Just looking at the daily BB, i am surprised and analysing why? Just few points to ponder..
- Why NS didn't test UBB last 3 times?
- Why NS do test UBB this time?
- Why a Deep fall of 5 days was followed by a Big rally of 5 days?
All this is making me think that Downtrend is feeling a Pause right now and Nifty is gonna move further Up after this COBB.
I would expect a correction till Monday/ Tuesday for a Flip retest and to continue this Uptrend for 7700 - 8000 NS.
Positional Shorts are closed as mkt not supporting and longs will be initiated again at some Flip - 7375 - 7225 NS..
- Why NS didn't test UBB last 3 times?
- Why NS do test UBB this time?
- Why a Deep fall of 5 days was followed by a Big rally of 5 days?
All this is making me think that Downtrend is feeling a Pause right now and Nifty is gonna move further Up after this COBB.
I would expect a correction till Monday/ Tuesday for a Flip retest and to continue this Uptrend for 7700 - 8000 NS.
Positional Shorts are closed as mkt not supporting and longs will be initiated again at some Flip - 7375 - 7225 NS..
