NIFTY SUCCESSFULLY BREAKS THE RESISTANCE AND SUSTAINED ABOVE LEVEL FORMED INDECISIVE CANDLE IN DAILY AND WEEKLY CHART. NOW IT IS TESTING PREVIOUS RESISTANCE ACTING AS A STRONG SUPPORT AT 10930 LEVELS NIFTY IS ABOVE ALL THE MOVING AVERAGES (50,100,200 DAY) MACD TURNED INTO BULLISH IF IT SUSTAIN ABOVE 10930 MARK IT IS GOOD TO STAY LONG.... IT DOESN'T MEAN TO GO...
LONG TERM TREND IS UP NIFTY FORMED A BUILD UP NEAR TO RESISTANCE IN WEEKLY CHART MACD SIGNAL LINE TURNED INTO BULLISH BOTH IN DAILY AND WEEKLY CHARTS STRONG BULLISH CANDLE IS FORMED NEAR THE RESISTANCE THERE IS A POSSIBILITY OF BREAKOUT SO BUY IN DIPS AND WAIT FOR THE BREAKOUT.