Major Points:-
1. Another classic breakout after a short consolidation.
2. Long term uptrend intact.
3. Let's see Nifty could consolidate above 20 days MA and not break 200 days MA.
4. Bank nifty is clearly exhausted. Now the Metals and pharma are helping the nifty.
5. Nasdaq and S&P really consolidating for another breakout. Upside or downside we could see...
Nifty breaking uptrend quite convincingly.
Watch out for important support at 10,830. Bank nifty is exhausted. Hope the Banks keep away from the bear side going forward.
With Pharma and IT which sector could be the next leader for bulls?
Great to see Nifty breaking from the consolidation phase.
Points:-
1. Still in an uptrend.
2. Banks participated today.
3. Till the trend continues, enjoy the ride.
Major 2011 resistance broke.
No signs of cooling off.
Points:-
1. Uptrend continues.
2. US/ China tension another catalyst.
3. Is global Equity rally getting a pause? Tech rally stalls?
Should get clarity to above points this week.
