Something BIG is going to happen to our markets......I cant see nifty moving in this small range, for much longer now onwards.
A COMBINATION of one set of indicators,,,,in indices and in major stocks like, hdfc,bhel,reliance,axis,icici..clearly suggests that..even if markets are in a distribution phase right now,,we should see a bounce back on the upside from tomorrow.or max by monday..and that too should come without much damaging prices.
ON the other hand, i have a unique trading system,,which is generating strong buy calls in some midcap stocks..so instead of a large distribution phase, we are perhaps witnessing only a SHIFT OF BUYING. all in all buying seems tobe intact,in genral.
FIRST condition is a close above 4655..if thats met,we are in for a LARGER RALLY on the up.
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