Nifty Futures Have Shown A Good Comeback After Panic Lows Around 5498 On 10th Feb Onwards
Big Question is How Do We Determine Weather We Have A New Rally Coming Up Or Its Just A Pause & We Will See One More Low Before Some Sort Of PRE-BUDGET Rally UnFolds ?
As Shown On This 15 Minute Chart Nifty Is @ The GAP & First Confirmation of Further Up Move Will Come If NF Manages to Close An Hour Above 8705
Expect 8767 First On An Hourly Close Above 8705
Fireworks To Be Seen If NF Somehow Manages An EOD Close Above 8767
I Strongly Feel That We Are Bound To See Nifty Touching its 200 Day EMA But I Am Not Sure If It Happens Pre Budget Or Post Budget
Big Question is How Do We Determine Weather We Have A New Rally Coming Up Or Its Just A Pause & We Will See One More Low Before Some Sort Of PRE-BUDGET Rally UnFolds ?
As Shown On This 15 Minute Chart Nifty Is @ The GAP & First Confirmation of Further Up Move Will Come If NF Manages to Close An Hour Above 8705
Expect 8767 First On An Hourly Close Above 8705
Fireworks To Be Seen If NF Somehow Manages An EOD Close Above 8767
I Strongly Feel That We Are Bound To See Nifty Touching its 200 Day EMA But I Am Not Sure If It Happens Pre Budget Or Post Budget
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