Upcoming sessions are very important for market, as nifty faces resistance from long term resistance trend line. Once it manages to break the resistance, New trend will start in nifty.
NIFTY will not correct till end of November. This is my view. I may be wrong. every short will lose money.
Scout_Stock
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@BharadwajBharaata, on what basis you are telling November end? I'm supporting my finding with my own drawings.
You can check the same drawing in my profile, before nifty hitting ATH.
BharadwajBharaata
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@Scout_Stock, THE BUBBLE WILL GROW ONLY BIGGER. THERE might be a short and sweet correction BUT, the rise will be equally swift.
THE BUBBLE WILL CONTINUE for 1 more YEAR, minimum. DOW 34000 and sensex 45000 is a distinct possibility.
MARKET was always IRRATIONAL.
rkumar7591
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Why this much lines?
Scout_Stock
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@rkumar7591, lines are derived from the past trends....
You can ignore the lines below immediate support levels..
The entire chart has been drawn months back not even altered a single line