Closing above 8460, Nifty will race towards 8600. Breakout seems imminent in a day or two as Nifty gave a very shallow correction till 8330 and didn't even make double bottom there. Go long only above 8460 or any dip towards 8350-70.
Dollar index falling below 100 augurs well for EM equities. Early signs of long positions by FII's.
As expected, Nifty has broken out with tremendous force 8510 - 8600 likely. I wrote this when Nifty was at 8430. Enjoy the profits. Carry long positions home.
Nifty will gap up tomorrow.
Booked partial profits at 8510. This 8500-8600 is a heavy supply zone for large players. This is a strong hurdle which might not get crossed atleast till budget. Lots of volatility might happen in this zone.