Nifty you can see in the chart despite of negative daily close it has not negate the higher top higher bottom formation as per Dow Theory first sign of its break down below 18529 and second 18458.90 if 18529 manage to hold we can again push higher 18800 to 18836 minum and if this levels come we can take review again and if 18529 breaks on closing then we can give sharp pull back which I don't think should last more then 3 to 7 trading session pull back should be fast.
1) despite of negative close in nifty we can not be sure trend is change for 18040 to 17800 pull back.
2) Dowjones & Dax are in sub waves so they may not fall much.
3) Hang seng just started the trend so if fall comes in it it should reverse fast
4) Nikkie is in Supreme bulls grip as of now it shows wave 5 of minor degree is pending even if it completes minor wave 5 after that Japan can give fast dip and fast bounce because it's in Supreme bulls grip
5) Nifty & Nikkie Japan market has out performed global markets so small pull back is needed also but if my reading is right that we are in same Bull market which we saw in covid time then our pull back should be fast means 3 to 4 session mein fast fall mara correction complete Kiya daily RSI cool off Kiya and back to original uptrend.
6) About Nifty and Indian market I'm still saying when I'm seeing the sector wise index charts and stocks specific wide I don't see any sort of Bearushness in our market for me I will go Cautious if we close below 17500 till then I will look for opportunities on any dips
So moral of the story by showing once again all this global leaders index that I don't see major weakness pull back and correction is part of Bull market and Bull market pull backs should be fast and bounce should be more faster so even if we see any pull back by any chance there is nothing to Afraid just find opportunities in quality stocks, only Derivatives Players should be cautious specially call buyers at the time of pull back so your premium don't get decay.
FINALLY WE REST OUR CASE HERE RIGHT NOW I DONT SEE ANYTHING BAD TILL ON A LARGER NOTE WE ARE ABOVE 17500 AND ONE SHOULD FIND OPPORTUNITIES IN DIPS TO GRAB GOOD QUALITY STOCKS CAN OUTPERFORM IN COMING MONTHS
So what we are trying to convey by showing all this chart is :
1) despite of negative close in nifty we can not be sure trend is change for 18040 to 17800 pull back.
2) Dowjones & Dax are in sub waves so they may not fall much.
3) Hang seng just started the trend so if fall comes in it it should reverse fast
4) Nikkie is in Supreme bulls grip as of now it shows wave 5 of minor degree is pending even if it completes minor wave 5 after that Japan can give fast dip and fast bounce because it's in Supreme bulls grip
5) Nifty & Nikkie Japan market has out performed global markets so small pull back is needed also but if my reading is right that we are in same Bull market which we saw in covid time then our pull back should be fast means 3 to 4 session mein fast fall mara correction complete Kiya daily RSI cool off Kiya and back to original uptrend.
6) About Nifty and Indian market I'm still saying when I'm seeing the sector wise index charts and stocks specific wide I don't see any sort of Bearushness in our market for me I will go Cautious if we close below 17500 till then I will look for opportunities on any dips
So moral of the story by showing once again all this global leaders index that I don't see major weakness pull back and correction is part of Bull market and Bull market pull backs should be fast and bounce should be more faster so even if we see any pull back by any chance there is nothing to Afraid just find opportunities in quality stocks, only Derivatives Players should be cautious specially call buyers at the time of pull back so your premium don't get decay.
FINALLY WE REST OUR CASE HERE RIGHT NOW I DONT SEE ANYTHING BAD TILL ON A LARGER NOTE WE ARE ABOVE 17500 AND ONE SHOULD FIND OPPORTUNITIES IN DIPS TO GRAB GOOD QUALITY STOCKS CAN OUTPERFORM IN COMING MONTHS
