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Lesson from recent past.
BALAKOT Airstrike did not trouble market much, I am confident that Indo-China border tussle may not too.
Note: 20 day Average True Range for #NIFTY is 260pts (CMP 9914)
Hence, will maintain 9600 as trigger level to change stance. #NIFTY
BALAKOT Airstrike did not trouble market much, I am confident that Indo-China border tussle may not too.
Note: 20 day Average True Range for #NIFTY is 260pts (CMP 9914)
Hence, will maintain 9600 as trigger level to change stance. #NIFTY
Update on #Nifty chart
4th Higher High formation
No weakness in volume to assist divergence
20Day ATR now 250pts (ATR falling means low volatile zone in an Uptrend which is bread butter for Trend Followers)
My view: Bullish as there is no sign of weakness yet.
TREND is UP
4th Higher High formation
No weakness in volume to assist divergence
20Day ATR now 250pts (ATR falling means low volatile zone in an Uptrend which is bread butter for Trend Followers)
My view: Bullish as there is no sign of weakness yet.
TREND is UP
Update on #Nifty and #Banknifty chart.
I cannot see any sign of weakness externally or internally anywhere.
Prices are rising hence TREND is up.
It is as simple right now.
Current view: Bullish
(Nifty is UP +557pts since Indo-China tussle)
I cannot see any sign of weakness externally or internally anywhere.
Prices are rising hence TREND is up.
It is as simple right now.
Current view: Bullish
(Nifty is UP +557pts since Indo-China tussle)
