These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.The chart says it all. The Nifty is still hovering around the support zone. We also see it testing the lower rising trendline, which has been tested several times historically. The short term trend is still down. The intermediate term trend is now showing signs of being vulnerable. Please remember, this is on the hourly chart. The long term trend is still up.
As suggested again and again, wait for a confirmation of the end of the short term downtrend, and then readers could buy. The levels for Monday could be, when the Nifty violates 4196 on the upside, and then does not violate 4128 on the downside.
Plan your trades and trade happy.
1 comment:
everyone is negative on tv so i guess better to be bulish, as suggested !
reg
ketan
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