Combination of multitime frame charts ,is one very important aspect which hasnt got that much attention,in the true research based study of technical analysis..or if done its not popularised much among the users of the subject.
A detailed study of weekly,monthly,quarterly and half yearly charts of major pivotals,do firmly suggest( as on friday),that our markets are entering a new more powerfull bull phase after getting corrected from 4700 to 4140....UNLESS DOW/S&P DRAMATICALLY COLLAPSE IN A FEW WEEKS TIME...this time around post budget i will not be surprised if our markets retains new highs..ONCE above 4700 and 15600.
AND the budget will be very good atleast for BANKING and REALITY sectors,,with IT SECTOR,somehow managing itself to get ready for a far better future ahead.
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