NIFTY @ STRONG RESISTANCE

In My Last Update I Wrote This

" A Few Points Which Are Clear In Mind About Different Time Frames Trends

LONG TERM :  Extremely Bullish And Expecting 50000+ Sensex In A Few Years

MEDIUM TERM : Nifty Will Retrace Back Towards Its 200 DEMA In Next 1-2 Months

SHORT TERM:  We Have A Two Different Levels To Clearly Decide Short Term Trends
If NIFTY Manages To Consume The Big Bear Candle Of 6th Jan And Closes Above 8433 (NF Fut) We Will Have One More Powerful Upside "

On 15Th Jan Nifty Moved Above My Level With A Gap & We Have Witnessed A POWERFUL UPSIDE As Expected

After This Move Everyone is Bullish Only ,An Euphoric Environment Prevails Exactly At The Time When Nifty Has Reached At The Upper End Of The BROADENING Structure

                                                                                                                                                            

Time To Have Caution In Longs As A SHARP REVERSAL Is Due Again

Dont Forget My Observation About NIFTY & 200 DAY EMA